First Year Principles of Economics Chapter 11 Online MCQ Test for 1st Year Principles of Economics Chapter 11 (Business Cycle)

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
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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"

  • Total Questions15

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Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test

00:00
Question # 1

Net foreign income means:

Question # 2

Market value of all final goods and services is known as:

Question # 3

According to which economist, duration of a trade cycle is 9 to 10 years

Question # 4

Phases of a trade cycle are

Question # 5

Modern theory of trade cycles is presented by

Question # 6

The innovation theory of trade cycles was presented by

Question # 7

National Income is also known as:

Question # 8

"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by

Question # 9

National income at factor cost is equal to:

Question # 10

According to Prof. Kitchen a trade cycle completes in

Question # 11

During the phase of recession prices of goods

Question # 12

Income received without any economic services:

Question # 13

If we deduct depreciation from GNP, we get:

Question # 14

Equilibrium level of national income means that point where:

Question # 15

If we deduct direct taxes from personal income, we get:

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11th Principle of Economics Chapter 11 Test

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ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's

Sr.# Question Answer
1 Net foreign income means:
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
2 Modern theory of trade cycles is presented by
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
3 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
4 During depression
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
5 National income is measured for:
A. One year
B. Two years
C. Three years
D. Four years
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 the phase of recovery prices, wages, interest rate and profits
A. Start falling gradually
B. Start rising gradually
C. are highest
D. are lowest
8 During depression, increases
A. Unemployment
B. Employment
C. Profit
D. Production
9 If we deduct depreciation from GNP, we get:
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
10 Psychological theory of trade cycles is presented by
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey

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