| 1 |
During the phase of recovery prices, wages, interest rate and profits |
- A. Start falling gradually
- B. Start rising gradually
- C. are highest
- D. are lowest
|
| 2 |
According to Prof. Jugglar a trade cycle comletes in |
- A. Five to six years
- B. Nine to ten years
- C. Ten to eleven years
- D. Eleven to twelve years
|
| 3 |
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
|
| 4 |
Monetary theory of Trade cycle is presented by |
- A. Prof Hawtrey and Friedman
- B. Prof Keynes
- C. Prof Hobson
- D. Prof Kitchen
|
| 5 |
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
|
| 6 |
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
|
| 7 |
During depression |
- A. Employment increases
- B. Prices decrease
- C. Profit increases
- D. Prices increase
|
| 8 |
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
|
| 9 |
Innovation theory is presented by |
- A. Prof Kegnes
- B. Prof Schumpeter
- C. Prof Hicks
- D. Prof Foster
|
| 10 |
National Income is also known as: |
- A. National product
- B. Total expenditure
- C. Total population
- D. Both a and b
|
