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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
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Question # 1
Direct taxes are not included in:
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
Net foreign income means:
Question # 5
During the phase of recovery prices, wages, interest rate and profits
Question # 6
Transfer payment means:
Question # 7
Income received without any economic services:
Question # 8
Equilibrium level of national income means that point where:
Question # 9
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 10
Theory of sun-spot was presented by
Question # 11
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 12
The period in which an economy comes back from prosperity to depression is called
Question # 13
Over investment theory is presented by
Question # 14
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 15
National income is measured for:
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 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 2 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
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| 3 | National income is measured for: |
A. One year
B. Two years
C. Three years
D. Four years
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| 4 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 5 | National income at factor cost is equal to: |
A. G.N.P - Subsidies + taxes
B. N.N.P - Direct tax + Subsidies
C. G.D.P - Subsidies + taxes
D. N.N.P - Indirect tax + Subsidies
|
| 6 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 7 | 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
|
| 8 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
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| 9 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 10 | Income received without any economic services: |
A. National Income
B. Transfer payments
C. Interest
D. Profit
|
Test Questions