2nd Year Economics Chapter 2 Online MCQ Test for 12th Class Economics Chapter 2 (Equilibrium of National Income)

ICS Part 2 Economics English Medium Chapter 2 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 2 Online Test"

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ICS Part 2 Economics English Medium Chapter 2 Online Test

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Question # 1

Which shows equilibrium of national income

Question # 2

If money supply in a country decreses

Question # 3

Which one is investment in economics

Question # 4

Consumption is a function of.

Question # 5

This wil cause anincrease in national income

Question # 6

Aggregate demand means.

Question # 7

This will cause decrease in natioal income.

Question # 8

In equilibrium of nationalincome.

Question # 9

Equilibrium of national income will be when

Question # 10

Which of the following would increase national income.

Question # 11

National income equals.

Question # 12

Marginal propensity to consume MPC is.

Question # 13

If C = 200 and I = 40 then Y will equal

Question # 14

MPC is always.

Question # 15

GDP atconstnat prices, calculated according to some base year is called.

Question # 16

Which of the following is a withdrawal from the circular flow of income stream.

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ICS Part 2 Economics English Medium Chapter 2 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 GDP atconstnat prices, calculated according to some base year is called.
A. acutal GDP
B. Real GDP
C. Net GDP
D. Nominal GDP
2 If C = 200 and I = 40 then Y will equal
A. 160
B. 240
C. 8000
D. None of the above
3 In equilibrium of nationalincome.
A. S > I
B. S = I
C. S < I
D. All are true
4 National income equals.
A. c+ I+g
B. c-i-g
C. c-s-g
D. c+s+g
5 Marginal propensity to consume MPC is.
A. Total income spent on consumption
B. Ratio of additionalincome consumed
C. Ratio of total income consumed
D. Consumption divided by saving
6 Consumption is a function of.
A. Saving
B. Investment
C. Income
D. Expenditure
7 This will cause decrease in natioal income.
A. Rise in exports
B. Rise in saving
C. Increas in taxese
D. B and C above
8 Which of the following would increase national income.
A. Increase in taxation
B. incerese in savings
C. Increase in govt spending
D. Decrease in consumption spending
9 MPC is always.
A. Positive
B. Negative
C. Zero
D. More then APC
10 This wil cause anincrease in national income
A. Rise in exports
B. Fall in consumer spending
C. Rise in imports
D. Increase in saving

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