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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 the phase of recovery prices, wages, interest rate and profits
Question # 2
Equilibrium level of national income means that point where:
Question # 3
During boom
Question # 4
One of the following is not include in national income:
Question # 5
Innovation theory is presented by
Question # 6
National Income is also known as:
Question # 7
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 8
National income at factor cost is equal to:
Question # 9
If we deduct depreciation from GNP, we get:
Question # 10
Market value of all final goods and services is known as:
Question # 11
Economy gets prosperity during
Question # 12
During the phase of recession prices of goods
Question # 13
The income which a person can use according to his will called:
Question # 14
During depression, increases
Question # 15
If we deduct foreign income 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 -
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M Muhammad kashif shakoor 14 - Jun - 2024 02 Min 38 Sec 10/15 -
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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 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
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| 2 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 3 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 4 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 5 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 6 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 7 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 8 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 9 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 10 | Under consumption or over saving theory is presented by |
A. Prof Hobson, Foster and Catchings
B. Prof Hawtrey
C. Prof Keynes
D. Prof Jevons
|
Test Questions