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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
Subsidies means:
Question # 2
In which phase of a trade cycle level of employment and income become very low
Question # 3
Modern theory of trade cycles is presented by
Question # 4
Which phase starts with the increase in expected rate of profit
Question # 5
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 6
During the phase of recession prices of goods
Question # 7
Direct taxes are not included in:
Question # 8
Transfer payment means:
Question # 9
During depression
Question # 10
If we deduct depreciation from GNP, we get:
Question # 11
Market value of all final goods and services is known as:
Question # 12
National income is measured for:
Question # 13
The period in which an economy comes back from prosperity to depression is called
Question # 14
Methods for measurement of national income are:
Question # 15
Equilibrium level of national income means that point where:
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 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
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| 2 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 3 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 4 | One of the following is not include in national income: |
A. Transfer payments
B. Depreciation
C. Wages
D. Both a and b
|
| 5 | Direct taxes are not included in: |
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
|
| 6 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 7 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 8 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
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| 9 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 10 | 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
|
Test Questions