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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
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 2
During depression, increases
Question # 3
Net foreign income means:
Question # 4
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 5
National income is measured for:
Question # 6
National income at factor cost is equal to:
Question # 7
Psychological theory of trade cycles is presented by
Question # 8
Monetary theory of Trade cycle is presented by
Question # 9
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 10
Equilibrium level of national income means that point where:
Question # 11
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 12
Transfer payment means:
Question # 13
Theory of sun-spot was presented by
Question # 14
Subsidies means:
Question # 15
Depreciation means:
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 Class Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If we deduct foreign income from GNP, we get: |
A. N.N.P
B. G.D.P
C. D.P.I
D. P.I
|
| 2 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
|
| 3 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 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 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 6 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 7 | During depression, increases |
A. Unemployment
B. Employment
C. Profit
D. Production
|
| 8 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 9 | Psychological theory of trade cycles is presented by |
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
|
| 10 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
Test Questions
