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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, increases
Question # 2
During recession demand for factors of production is
Question # 3
According to Prof. Kitchen a trade cycle completes in
Question # 4
During the phase of recovery prices, wages, interest rate and profits
Question # 5
Psychological theory of trade cycles is presented by
Question # 6
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 7
Theory of sun-spot was presented by
Question # 8
One of the following is not include in national income:
Question # 9
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 10
During boom
Question # 11
Under consumption or over saving theory is presented by
Question # 12
In which phase of a trade cycle level of employment and income become very low
Question # 13
If we deduct direct taxes from personal income, we get:
Question # 14
National income is measured for:
Question # 15
The innovation theory of trade cycles was presented by
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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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 12 Sec 14/15 -
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A Ali hamza 25 - Dec - 2018 01 Min 44 Sec 9/15 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 51 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 2 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 3 | If we deduct foreign income from GNP, we get: |
A. N.N.P
B. G.D.P
C. D.P.I
D. P.I
|
| 4 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 5 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
| 6 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 7 | Equilibrium level of national income means that point where: |
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
|
| 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 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
|
| 10 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
Test Questions
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