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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
Which phase starts with the increase in expected rate of profit
Question # 2
Equilibrium level of national income means that point where:
Question # 3
Direct taxes are not included in:
Question # 4
"A trade cycle is completed in three years four months" This is stated by
Question # 5
In Macro economies the vital role is played by:
Question # 6
If we deduct direct taxes from personal income, we get:
Question # 7
Subsidies means:
Question # 8
Modern theory of trade cycles is presented by
Question # 9
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 10
Transfer payment means:
Question # 11
National Income is also known as:
Question # 12
During depression
Question # 13
Phases of a trade cycle are
Question # 14
During recession demand for factors of production is
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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ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 2 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 3 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 4 | 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
|
| 5 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 6 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
|
| 7 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 8 | 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
|
| 9 | The income which a person can use according to his will called: |
A. Net income
B. Per capital income
C. Personal income
D. Disposable personal income
|
| 10 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
Test Questions
