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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
Over investment theory is presented by
Question # 2
During depression
Question # 3
Market value of all final goods and services is known as:
Question # 4
During the phase of recovery prices, wages, interest rate and profits
Question # 5
The period in which an economy comes back from prosperity to depression is called
Question # 6
Subsidies means:
Question # 7
National income at factor cost is equal to:
Question # 8
Innovation theory is presented by
Question # 9
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 10
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 11
Income received without any economic services:
Question # 12
If we deduct depreciation from GNP, we get:
Question # 13
Methods for measurement of national income are:
Question # 14
Monetary theory of Trade cycle is presented by
Question # 15
During boom
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 -
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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 boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 2 | 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
|
| 3 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 4 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 5 | During depression, increases |
A. Unemployment
B. Employment
C. Profit
D. Production
|
| 6 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
| 7 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
|
| 8 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
| 9 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 10 | One of the following is not include in national income: |
A. Transfer payments
B. Depreciation
C. Wages
D. Both a and b
|
Test Questions