| 1 |
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
|
| 2 |
If we deduct depreciation from GNP, we get: |
- A. P.I
- B. G.D.P
- C. D.P.I
- D. N.N.P
|
| 3 |
The income which a person can use according to his will called: |
- A. Net income
- B. Per capital income
- C. Personal income
- D. Disposable personal income
|
| 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
|
| 5 |
Phases of a trade cycle are |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 6 |
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
|
| 7 |
During the phase of recovery prices, wages, interest rate and profits |
- A. Start falling gradually
- B. Start rising gradually
- C. are highest
- D. are lowest
|
| 8 |
Under consumption or over saving theory is presented by |
- A. Prof Hobson, Foster and Catchings
- B. Prof Hawtrey
- C. Prof Keynes
- D. Prof Jevons
|
| 9 |
Net foreign income means: |
- A. Import - Exports
- B. Exports - Imports
- C. Import + Exports
- D. Income from imports
|
| 10 |
Over investment theory is presented by |
- A. Pigou
- B. Hawtray
- C. Hayek, Mises and Cassel
- D. Prof Jugglar
|
