First Year Principles of Economics Chapter 11 Online MCQ Test for 1st Year Principles of Economics Chapter 11 (Business Cycle)

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
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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"

  • Total Questions15

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Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test

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Question # 1

Phases of a trade cycle are

Question # 2

Net foreign income means:

Question # 3

The period in which an economy comes back from prosperity to depression is called

Question # 4

Direct taxes are not included in:

Question # 5

"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by

Question # 6

"A trade cycle is completed in three years four months" This is stated by

Question # 7

Monetary theory of Trade cycle is presented by

Question # 8

One of the following is not include in national income:

Question # 9

During boom

Question # 10

During the phase of recovery prices, wages, interest rate and profits

Question # 11

If we deduct depreciation from GNP, we get:

Question # 12

Income received without any economic services:

Question # 13

If we deduct direct taxes from personal income, we get:

Question # 14

Market value of all final goods and services is known as:

Question # 15

In Macro economies the vital role is played by:

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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 Psychological theory of trade cycles is presented by
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
2 The innovation theory of trade cycles was presented by
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
3 If we deduct direct taxes from personal income, we get:
A. NNP
B. GDP
C. DPI
D. PI
4 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
5 "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
6 "A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
A. Prof Keynes
B. Prof Mitchall
C. Prof Hanson
D. Prof Haberler
7 If we deduct foreign income from GNP, we get:
A. N.N.P
B. G.D.P
C. D.P.I
D. P.I
8 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
9 Modern theory of trade cycles is presented by
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
10 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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