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This online test contains MCQs about following topics:
. Phase of trade cycle . Main characteristics of trade cycles . Theories of trade cycles . Psychological theory . Under consumption or over saving theory . Monetary theory . Keynes theory . Modern theory of trade cycle . Remedial measuers
ICOM Part 1 Economics Ch 11 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test"
Try The MCQ's Test For Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test
00:00
Question # 1
During depression
Question # 2
Methods for measurement of national income are:
Question # 3
During recession demand for factors of production is
Question # 4
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 5
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 6
Subsidies means:
Question # 7
Equilibrium level of national income means that point where:
Question # 8
According to Prof. Jugglar a trade cycle comletes in
Question # 9
Which phase starts with the increase in expected rate of profit
Question # 10
During depression, increases
Question # 11
Market value of all final goods and services is known as:
Question # 12
If we deduct direct taxes from personal income, we get:
Question # 13
Over investment theory is presented by
Question # 14
Economy gets prosperity during
Question # 15
If we deduct depreciation from GNP, we get:
11th Principle of Economics Chapter 11 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 11 Business Cycle Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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A Alishba Mumtaz 05 - May - 2024 03 Min 03 Sec 9/15
ICom Part 1 Class Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 2 | "A trade cycle is completed in three years four months" This is stated by |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Jevons
D. Prof Pigou
|
| 3 | "A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by |
A. Prof Keynes
B. Prof Mitchall
C. Prof Hanson
D. Prof Haberler
|
| 4 | According to Prof. Kitchen a trade cycle completes in |
A. Two years six months
B. Three years or Fifty years
C. Fifty years or Sixty years
D. Sixty years or Seventy years
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| 5 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 6 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 7 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 8 | According to which economist, duration of a trade cycle is 9 to 10 years |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Pigou
D. Prof Kondratieff
|
| 9 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
| 10 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
Test Questions
