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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.

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

Sr. # Questions Answers Choice
1 During depression, increases
  • A. Unemployment
  • B. Employment
  • C. Profit
  • D. Production
2 Which phase starts with the increase in expected rate of profit
  • A. Depression
  • B. Recovery
  • C. Boom
  • D. Recession
3 Modern theory of trade cycles is presented by
  • A. Prof Schumpeter
  • B. Prof Keynes
  • C. Prof Hawtrey
  • D. Prof Hicks and Samuelson
4 If we deduct depreciation from GNP, we get:
  • A. P.I
  • B. G.D.P
  • C. D.P.I
  • D. N.N.P
5 Transfer payment means:
  • A. Rent transfer
  • B. Wages transfer
  • C. Reward without services
  • D. Profit transfer
6 During the phase of recession prices of goods
  • A. Start rising
  • B. Start falling
  • C. are highest
  • D. are lowest
7 The period in which an economy comes back from prosperity to depression is called
  • A. Recovery
  • B. Recession
  • C. Boom
  • D. Depression
8 One of the following is not include in national income:
  • A. Transfer payments
  • B. Depreciation
  • C. Wages
  • D. Both a and b
9 Equilibrium level of national income means that point where:
  • A. Consumption = Saving
  • B. Consumption = Investment
  • C. Saving = Investment
  • D. Income = Saving + Investment
10 Under consumption or over saving theory is presented by
  • A. Prof Hobson, Foster and Catchings
  • B. Prof Hawtrey
  • C. Prof Keynes
  • D. Prof Jevons

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