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.

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
ic

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

Sr. # Questions Answers Choice
1 If we deduct depreciation from GNP, we get:
  • A. P.I
  • B. G.D.P
  • C. D.P.I
  • D. N.N.P
2 During the phase of boom level of income and employment is
  • A. Increasing
  • B. Decreasing
  • C. Highest
  • D. Lowest
3 During the phase of recession prices of goods
  • A. Start rising
  • B. Start falling
  • C. are highest
  • D. are lowest
4 In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
  • A. Boom
  • B. Depression
  • C. Recovery
  • D. Recession
5 One of the following is not include in national income:
  • A. Transfer payments
  • B. Depreciation
  • C. Wages
  • D. Both a and b
6 Economy gets prosperity during
  • A. Recession
  • B. Depression
  • C. Boom
  • D. Recovery
7 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
8 During the phase of recovery prices, wages, interest rate and profits
  • A. Start falling gradually
  • B. Start rising gradually
  • C. are highest
  • D. are lowest
9 In Macro economies the vital role is played by:
  • A. Marshall
  • B. J.R.Hicks
  • C. Robbins
  • D. Keynes
10 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

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer