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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
Phases of a trade cycle are
Question # 2
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 3
According to Prof. Kitchen a trade cycle completes in
Question # 4
"A trade cycle is completed in three years four months" This is stated by
Question # 5
During the phase of recession prices of goods
Question # 6
The period in which an economy comes back from prosperity to depression is called
Question # 7
Market value of all final goods and services is known as:
Question # 8
Economy gets prosperity during
Question # 9
National Income is also known as:
Question # 10
If we deduct direct taxes from personal income, we get:
Question # 11
The income which a person can use according to his will called:
Question # 12
Over investment theory is presented by
Question # 13
During the phase of recovery prices, wages, interest rate and profits
Question # 14
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 15
During the phase of boom level of income and employment is
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 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 | 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
|
| 3 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 4 | According to Prof. Jugglar a trade cycle comletes in |
A. Five to six years
B. Nine to ten years
C. Ten to eleven years
D. Eleven to twelve years
|
| 5 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 6 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 7 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 8 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 9 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 10 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
Test Questions