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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
During recession demand for factors of production is
Question # 2
During boom
Question # 3
The innovation theory of trade cycles was presented by
Question # 4
Transfer payment means:
Question # 5
Innovation theory is presented by
Question # 6
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 7
National income at factor cost is equal to:
Question # 8
One of the following is not include in national income:
Question # 9
During the phase of recovery prices, wages, interest rate and profits
Question # 10
If we deduct depreciation from GNP, we get:
Question # 11
Subsidies means:
Question # 12
Theory of sun-spot was presented by
Question # 13
Income received without any economic services:
Question # 14
Under consumption or over saving theory is presented by
Question # 15
Monetary theory of Trade cycle is presented by
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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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 12 Sec 14/15 -
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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 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 2 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 3 | Theory of sun-spot was presented by |
A. Prof Jevons and Henry L, Moor
B. Prof Pigou and begehot
C. Prof Hobson
D. Prof Cassel
|
| 4 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 5 | National income at factor cost is equal to: |
A. G.N.P - Subsidies + taxes
B. N.N.P - Direct tax + Subsidies
C. G.D.P - Subsidies + taxes
D. N.N.P - Indirect tax + Subsidies
|
| 6 | "A trade cycle is completed in three years four months" This is stated by |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Jevons
D. Prof Pigou
|
| 7 | During depression, increases |
A. Unemployment
B. Employment
C. Profit
D. Production
|
| 8 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 9 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 10 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
Test Questions
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