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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
Depreciation means:
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 recession prices of goods
Question # 5
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 6
Direct taxes are not included in:
Question # 7
During boom
Question # 8
The period in which an economy comes back from prosperity to depression is called
Question # 9
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 10
Which phase starts with the increase in expected rate of profit
Question # 11
The innovation theory of trade cycles was presented by
Question # 12
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 13
During the phase of recovery prices, wages, interest rate and profits
Question # 14
During the phase of boom level of income and employment is
Question # 15
"A trade cycle is completed in three years four months" This is stated 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.
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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 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 2 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
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| 3 | 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
|
| 4 | If we deduct foreign income from GNP, we get: |
A. N.N.P
B. G.D.P
C. D.P.I
D. P.I
|
| 5 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 6 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 7 | During the phase of boom level of income and employment is |
A. Increasing
B. Decreasing
C. Highest
D. Lowest
|
| 8 | "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
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| 9 | 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
|
| 10 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
Test Questions