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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
If we deduct direct taxes from personal income, we get:
Question # 2
"A trade cycle is completed in three years four months" This is stated by
Question # 3
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 4
The innovation theory of trade cycles was presented by
Question # 5
In Macro economies the vital role is played by:
Question # 6
Innovation theory is presented by
Question # 7
If we deduct foreign income from GNP, we get:
Question # 8
Equilibrium level of national income means that point where:
Question # 9
Depreciation means:
Question # 10
Phases of a trade cycle are
Question # 11
During depression
Question # 12
The income which a person can use according to his will called:
Question # 13
Monetary theory of Trade cycle is presented by
Question # 14
Over investment theory is presented by
Question # 15
Subsidies means:
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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A Alishba Mumtaz 05 - May - 2024 03 Min 03 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | "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
|
| 2 | In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually |
A. Boom
B. Depression
C. Recovery
D. Recession
|
| 3 | The income which a person can use according to his will called: |
A. Net income
B. Per capital income
C. Personal income
D. Disposable personal income
|
| 4 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 5 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 6 | Market value of all final goods and services is known as: |
A. N.I
B. G.N.P
C. N.N.P
D. Both a and b
|
| 7 | In which phase of a trade cycle national product, wages, prices and profits reach at their peak |
A. Recovery
B. Boom
C. Recession
D. Depression
|
| 8 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 9 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 10 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
Test Questions
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