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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 Macro economies the vital role is played by:
Question # 2
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 3
During the phase of boom level of income and employment is
Question # 4
During the phase of recovery prices, wages, interest rate and profits
Question # 5
Monetary theory of Trade cycle is presented by
Question # 6
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 7
The period in which an economy comes back from prosperity to depression is called
Question # 8
National Income is also known as:
Question # 9
If we deduct foreign income from GNP, we get:
Question # 10
During depression
Question # 11
Equilibrium level of national income means that point where:
Question # 12
Subsidies means:
Question # 13
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 14
National income is measured for:
Question # 15
Theory of sun-spot was 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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ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | National income is measured for: |
A. One year
B. Two years
C. Three years
D. Four years
|
| 2 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 3 | If we deduct foreign income from GNP, we get: |
A. N.N.P
B. G.D.P
C. D.P.I
D. P.I
|
| 4 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 5 | 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
|
| 6 | Direct taxes are not included in: |
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
|
| 7 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 8 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
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| 9 | Equilibrium level of national income means that point where: |
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
|
| 10 | 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
|
Test Questions