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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
Modern theory of trade cycles is presented by
Question # 3
Innovation theory is presented by
Question # 4
Transfer payment means:
Question # 5
The income which a person can use according to his will called:
Question # 6
National income at factor cost is equal to:
Question # 7
Psychological theory of trade cycles is presented by
Question # 8
Monetary theory of Trade cycle is presented by
Question # 9
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 10
During the phase of recession prices of goods
Question # 11
Under consumption or over saving theory is presented by
Question # 12
If we deduct depreciation from GNP, we get:
Question # 13
The innovation theory of trade cycles was presented by
Question # 14
According to Prof. Jugglar a trade cycle comletes in
Question # 15
During depression
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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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 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 2 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 3 | "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
|
| 4 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 5 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 6 | Psychological theory of trade cycles is presented by |
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
|
| 7 | One of the following is not include in national income: |
A. Transfer payments
B. Depreciation
C. Wages
D. Both a and b
|
| 8 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 9 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 10 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
Test Questions
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