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

  • Time Allowed20

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

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Question # 1

Income received without any economic services:

Question # 2

One of the following is not include in national income:

Question # 3

In which phase of a trade cycle level of employment and income become very low

Question # 4

Methods for measurement of national income are:

Question # 5

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

Question # 6

During boom

Question # 7

Economy gets prosperity during

Question # 8

The period in which an economy comes back from prosperity to depression is called

Question # 9

During recession demand for factors of production is

Question # 10

Under consumption or over saving theory is presented by

Question # 11

Which phase starts with the increase in expected rate of profit

Question # 12

National income at factor cost is equal to:

Question # 13

In Macro economies the vital role is played by:

Question # 14

Direct taxes are not included in:

Question # 15

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

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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.

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

Sr.# Question Answer
1 National income is measured for:
A. One year
B. Two years
C. Three years
D. Four years
2 During depression, increases
A. Unemployment
B. Employment
C. Profit
D. Production
3 Income received without any economic services:
A. National Income
B. Transfer payments
C. Interest
D. Profit
4 Market value of all final goods and services is known as:
A. N.I
B. G.N.P
C. N.N.P
D. Both a and b
5 During the phase of boom level of income and employment is
A. Increasing
B. Decreasing
C. Highest
D. Lowest
6 Theory of sun-spot was presented by
A. Prof Jevons and Henry L, Moor
B. Prof Pigou and begehot
C. Prof Hobson
D. Prof Cassel
7 In Macro economies the vital role is played by:
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
8 One of the following is not include in national income:
A. Transfer payments
B. Depreciation
C. Wages
D. Both a and b
9 Psychological theory of trade cycles is presented by
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
10 During depression
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase

Test Questions

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