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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 recession demand for factors of production is
Question # 2
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 3
The income which a person can use according to his will called:
Question # 4
If we deduct depreciation from GNP, we get:
Question # 5
Under consumption or over saving theory is presented by
Question # 6
During depression
Question # 7
Modern theory of trade cycles is presented by
Question # 8
During boom
Question # 9
National income at factor cost is equal to:
Question # 10
During the phase of boom level of income and employment is
Question # 11
Innovation theory is presented by
Question # 12
Equilibrium level of national income means that point where:
Question # 13
If we deduct direct taxes from personal income, we get:
Question # 14
Subsidies means:
Question # 15
National Income is also known as:
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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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 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 2 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 3 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 4 | "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
|
| 5 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 6 | Psychological theory of trade cycles is presented by |
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
|
| 7 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 8 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 9 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 10 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
Test Questions