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Economics National Income MCQS Set-2

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1. If C = 200 and I = 40 then Y will equal to:




2. Corporate tax is levied on:




3. If we deduct direct taxes from personal income we get




4. The largest part of national income goes to:




5. We measure national income by this method:




6. Which statement is true?




7. Transfer payments mean:




8. Direct taxes are not included in:




9. When national income is estimated by expenditure method we include:




10. Which statement is true?




11. Which statement is true?




12. There are methods of measuring national income:




13. If we compare GDP and GNP then:




14. It is deducted from GNP to get NNP:




15. It is added to GDP to get GNP




16. Select the correct statement:




17. Which is the largest figure:




18. Which is a flow concept:




19. To avoid double counting when GDP is estimated economists:




20. A TV set purchased from a retail store is an example of:




21. Undistributed profits are considered:




22. Total value of all final goods and services produced in a country during one year is:




23. Which measure has the larger value (for Pakistan):




24. In equilibrium position of national income:




25. Personal income includes:




26. Personal income includes:




27. If savings exceed investment then:




28. If we include it national income will be over-estimated:




29. It is avoided to make correct estimate of national income:




30. It is not included in estimation of national income:




31. The goods which are used directly by the people are called:




32. Circular flow of income links:




33. Transfer payments include:




34. This statement is true




35. Determinants of national income are:




36. National income is estimated by:




37. National income of a country does not include:




38. This statement is true




39. GDP stands for:




40. Gross national product is:




41. It is NOT a method to measure national income:




42. Macroeconomics is concerned with:




43. In economics persons having a joint family budget are called:




44. Which of the following is NOT macroeconomics:




45. Investment spending includes the purchase of:




46. Which of the following would NOT be included in GNP:




47. It is transfer payment:




48. The largest type of income in the Pakistan is:




49. An open economy:




50. Which of the following is transfer payment:




51. Which of the following is counted in GDP:




52. If government increases taxes private savings: