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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
National Income is also known as:
Question # 2
According to Prof. Kitchen a trade cycle completes in
Question # 3
Phases of a trade cycle are
Question # 4
If we deduct foreign income from GNP, we get:
Question # 5
The income which a person can use according to his will called:
Question # 6
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 7
In Macro economies the vital role is played by:
Question # 8
If we deduct depreciation from GNP, we get:
Question # 9
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 10
National income at factor cost is equal to:
Question # 11
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 12
If we deduct direct taxes from personal income, we get:
Question # 13
Equilibrium level of national income means that point where:
Question # 14
Income received without any economic services:
Question # 15
In which phase of a trade cycle level of employment and income become very low
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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M Muhammad kashif shakoor 14 - Jun - 2024 02 Min 38 Sec 10/15 -
T Tehmina Erum 26 - Jul - 2021 06 Min 19 Sec 10/15 -
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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 | Economy gets prosperity during |
A. Recession
B. Depression
C. Boom
D. Recovery
|
| 2 | 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
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| 3 | During the phase of boom level of income and employment is |
A. Increasing
B. Decreasing
C. Highest
D. Lowest
|
| 4 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 5 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 6 | 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
|
| 7 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 8 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 9 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
| 10 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
Test Questions
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