| 1 |
If we deduct depreciation from GNP, we get: |
- A. P.I
- B. G.D.P
- C. D.P.I
- D. N.N.P
|
| 2 |
During the phase of boom level of income and employment is |
- A. Increasing
- B. Decreasing
- C. Highest
- D. Lowest
|
| 3 |
During the phase of recession prices of goods |
- A. Start rising
- B. Start falling
- C. are highest
- D. are lowest
|
| 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 |
One of the following is not include in national income: |
- A. Transfer payments
- B. Depreciation
- C. Wages
- D. Both a and b
|
| 6 |
Economy gets prosperity during |
- A. Recession
- B. Depression
- C. Boom
- D. Recovery
|
| 7 |
In which phase of a trade cycle national product, wages, prices and profits reach at their peak |
- A. Recovery
- B. Boom
- C. Recession
- D. Depression
|
| 8 |
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
|
| 9 |
In Macro economies the vital role is played by: |
- A. Marshall
- B. J.R.Hicks
- C. Robbins
- D. Keynes
|
| 10 |
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
|
