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

  • Time Allowed20

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

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Question # 1

During depression, increases

Question # 2

In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually

Question # 3

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

Question # 4

Monetary theory of Trade cycle is presented by

Question # 5

Phases of a trade cycle are

Question # 6

During the phase of recession prices of goods

Question # 7

Innovation theory is presented by

Question # 8

Theory of sun-spot was presented by

Question # 9

Depreciation means:

Question # 10

One of the following is not include in national income:

Question # 11

Which phase starts with the increase in expected rate of profit

Question # 12

National income is measured for:

Question # 13

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

Question # 14

The income which a person can use according to his will called:

Question # 15

Subsidies means:

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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 Class Principles of Economics ( English Medium) Chapter 11 Important MCQ's

Sr.# Question Answer
1 Depreciation means:
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
2 During the phase of recession prices of goods
A. Start rising
B. Start falling
C. are highest
D. are lowest
3 "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
4 In which phase of a trade cycle level of employment and income become very low
A. Depression
B. Recovery
C. Boom
D. Recession
5 During depression, increases
A. Unemployment
B. Employment
C. Profit
D. Production
6 During recession demand for factors of production is
A. More
B. Limited
C. Very low
D. Too much
7 Innovation theory is presented by
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
8 If we deduct direct taxes from personal income, we get:
A. NNP
B. GDP
C. DPI
D. PI
9 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
10 Direct taxes are not included in:
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income

Test Questions

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