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

Direct taxes are not included in:

Question # 2

National Income is also known as:

Question # 3

Modern theory of trade cycles is presented by

Question # 4

Phases of a trade cycle are

Question # 5

Over investment theory is presented by

Question # 6

Economy gets prosperity during

Question # 7

Which phase starts with the increase in expected rate of profit

Question # 8

During boom

Question # 9

In Macro economies the vital role is played by:

Question # 10

Subsidies means:

Question # 11

Methods for measurement of national income are:

Question # 12

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

Question # 13

One of the following is not include in national income:

Question # 14

National income at factor cost is equal to:

Question # 15

Depreciation means:

Prepare Complete Set Wise Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test" MCQs Online With Answers


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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 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
2 During recession demand for factors of production is
A. More
B. Limited
C. Very low
D. Too much
3 During depression
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
4 The income which a person can use according to his will called:
A. Net income
B. Per capital income
C. Personal income
D. Disposable personal income
5 Modern theory of trade cycles is presented by
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
6 Direct taxes are not included in:
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
7 Phases of a trade cycle are
A. Two
B. Three
C. Four
D. Five
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 During the phase of recession prices of goods
A. Start rising
B. Start falling
C. are highest
D. are lowest
10 Over investment theory is presented by
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar

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