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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
The period in which an economy comes back from prosperity to depression is called
Question # 3
Methods for measurement of national income are:
Question # 4
"A trade cycle is completed in three years four months" This is stated by
Question # 5
Transfer payment means:
Question # 6
Monetary theory of Trade cycle is presented by
Question # 7
During depression, increases
Question # 8
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 9
Subsidies means:
Question # 10
If we deduct foreign income from GNP, we get:
Question # 11
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 12
During the phase of recovery prices, wages, interest rate and profits
Question # 13
National Income is also known as:
Question # 14
During the phase of boom level of income and employment is
Question # 15
Phases of a trade cycle are
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.
Top Scorers Of Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 12 Sec 14/15 -
A Aiman 12 - May - 2018 03 Min 11 Sec 14/15 -
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A Ali hamza 25 - Dec - 2018 01 Min 44 Sec 9/15 -
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 | 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
|
| 2 | Theory of sun-spot was presented by |
A. Prof Jevons and Henry L, Moor
B. Prof Pigou and begehot
C. Prof Hobson
D. Prof Cassel
|
| 3 | 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
|
| 4 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 5 | Modern theory of trade cycles is presented by |
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
|
| 6 | According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Pigou
D. Prof Kondratieff
|
| 7 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 8 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 9 | 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
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| 10 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
Test Questions