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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
National income is measured for:
Question # 2
In Macro economies the vital role is played by:
Question # 3
Income received without any economic services:
Question # 4
If we deduct direct taxes from personal income, we get:
Question # 5
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 6
"A trade cycle is completed in three years four months" This is stated by
Question # 7
Modern theory of trade cycles is presented by
Question # 8
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 9
According to Prof. Kitchen a trade cycle completes in
Question # 10
The income which a person can use according to his will called:
Question # 11
During depression, increases
Question # 12
Market value of all final goods and services is known as:
Question # 13
During depression
Question # 14
Phases of a trade cycle are
Question # 15
Equilibrium level of national income means that point where:
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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T Tehmina Erum 26 - Jul - 2021 06 Min 19 Sec 10/15 -
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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 | 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
|
| 2 | Income received without any economic services: |
A. National Income
B. Transfer payments
C. Interest
D. Profit
|
| 3 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 4 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 5 | Psychological theory of trade cycles is presented by |
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
|
| 6 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
|
| 7 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 8 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
| 9 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 10 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
Test Questions