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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
According to Prof. Kitchen a trade cycle completes in
Question # 2
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 3
During recession demand for factors of production is
Question # 4
During the phase of boom level of income and employment is
Question # 5
National income is measured for:
Question # 6
During the phase of recovery prices, wages, interest rate and profits
Question # 7
Market value of all final goods and services is known as:
Question # 8
Methods for measurement of national income are:
Question # 9
Depreciation means:
Question # 10
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 11
Over investment theory is presented by
Question # 12
The innovation theory of trade cycles was presented by
Question # 13
Subsidies means:
Question # 14
In Macro economies the vital role is played by:
Question # 15
During depression
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 -
A Aiman 12 - May - 2018 03 Min 11 Sec 14/15 -
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M Muhammad kashif shakoor 14 - Jun - 2024 02 Min 38 Sec 10/15 -
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J Jaweria Faraz 11 - Jul - 2024 02 Min 51 Sec 9/15 -
A Alishba Mumtaz 05 - May - 2024 03 Min 03 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Direct taxes are not included in: |
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
|
| 2 | The income which a person can use according to his will called: |
A. Net income
B. Per capital income
C. Personal income
D. Disposable personal income
|
| 3 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 4 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 5 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 6 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 7 | Modern theory of trade cycles is presented by |
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
|
| 8 | "A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by |
A. Prof Keynes
B. Prof Mitchall
C. Prof Hanson
D. Prof Haberler
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| 9 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
| 10 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
Test Questions
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