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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
The income which a person can use according to his will called:
Question # 2
Equilibrium level of national income means that point where:
Question # 3
In which phase of a trade cycle level of employment and income become very low
Question # 4
Modern theory of trade cycles is presented by
Question # 5
During the phase of recovery prices, wages, interest rate and profits
Question # 6
Direct taxes are not included in:
Question # 7
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 8
Psychological theory of trade cycles is presented by
Question # 9
Subsidies means:
Question # 10
During the phase of recession prices of goods
Question # 11
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 12
Transfer payment means:
Question # 13
Over investment theory is presented by
Question # 14
The period in which an economy comes back from prosperity to depression is called
Question # 15
If we deduct depreciation from GNP, we get:
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 -
A Aiman 12 - May - 2018 03 Min 11 Sec 14/15 -
S Saba 27 - Jun - 2021 09 Min 27 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 | 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
|
| 2 | Under consumption or over saving theory is presented by |
A. Prof Hobson, Foster and Catchings
B. Prof Hawtrey
C. Prof Keynes
D. Prof Jevons
|
| 3 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 4 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 5 | National income is measured for: |
A. One year
B. Two years
C. Three years
D. Four years
|
| 6 | Equilibrium level of national income means that point where: |
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
|
| 7 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 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
|
| 9 | In which phase of a trade cycle level of employment and income become very low |
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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