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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
Modern theory of trade cycles is presented by
Question # 2
Phases of a trade cycle are
Question # 3
If we deduct depreciation from GNP, we get:
Question # 4
During boom
Question # 5
During depression
Question # 6
Net foreign income means:
Question # 7
Market value of all final goods and services is known as:
Question # 8
Direct taxes are not included in:
Question # 9
Theory of sun-spot was presented by
Question # 10
"A trade cycle is completed in three years four months" This is stated by
Question # 11
In Macro economies the vital role is played by:
Question # 12
Subsidies means:
Question # 13
According to Prof. Jugglar a trade cycle comletes in
Question # 14
Income received without any economic services:
Question # 15
Equilibrium level of national income means that point where:
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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Equilibrium level of national income means that point where: |
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
|
| 2 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 3 | 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
|
| 4 | Direct taxes are not included in: |
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
|
| 5 | Theory of sun-spot was presented by |
A. Prof Jevons and Henry L, Moor
B. Prof Pigou and begehot
C. Prof Hobson
D. Prof Cassel
|
| 6 | Under consumption or over saving theory is presented by |
A. Prof Hobson, Foster and Catchings
B. Prof Hawtrey
C. Prof Keynes
D. Prof Jevons
|
| 7 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 8 | According to Prof. Jugglar a trade cycle comletes in |
A. Five to six years
B. Nine to ten years
C. Ten to eleven years
D. Eleven to twelve years
|
| 9 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 10 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
Test Questions
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