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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 the phase of recovery prices, wages, interest rate and profits
Question # 2
Direct taxes are not included in:
Question # 3
Innovation theory is presented by
Question # 4
Phases of a trade cycle are
Question # 5
During depression, increases
Question # 6
"A trade cycle is completed in three years four months" This is stated by
Question # 7
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 8
Which phase starts with the increase in expected rate of profit
Question # 9
During depression
Question # 10
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 11
The income which a person can use according to his will called:
Question # 12
In which phase of a trade cycle level of employment and income become very low
Question # 13
Market value of all final goods and services is known as:
Question # 14
National income at factor cost is equal to:
Question # 15
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
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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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 | Equilibrium level of national income means that point where: |
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
|
| 2 | National income is measured for: |
A. One year
B. Two years
C. Three years
D. Four years
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| 3 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 4 | 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
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| 5 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
| 6 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 7 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 8 | According to which economist, duration of a trade cycle is 9 to 10 years |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Pigou
D. Prof Kondratieff
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| 9 | "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
|
| 10 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
Test Questions
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