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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
During depression
Question # 2
Transfer payment means:
Question # 3
The income which a person can use according to his will called:
Question # 4
The innovation theory of trade cycles was presented by
Question # 5
Equilibrium level of national income means that point where:
Question # 6
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 7
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 8
During the phase of recession prices of goods
Question # 9
According to Prof. Jugglar a trade cycle comletes in
Question # 10
Income received without any economic services:
Question # 11
If we deduct foreign income from GNP, we get:
Question # 12
During depression, increases
Question # 13
Phases of a trade cycle are
Question # 14
One of the following is not include in national income:
Question # 15
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
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 | Under consumption or over saving theory is presented by |
A. Prof Hobson, Foster and Catchings
B. Prof Hawtrey
C. Prof Keynes
D. Prof Jevons
|
| 2 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 3 | 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
|
| 4 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
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| 5 | Market value of all final goods and services is known as: |
A. N.I
B. G.N.P
C. N.N.P
D. Both a and b
|
| 6 | If we deduct direct taxes from personal income, we get: |
A. NNP
B. GDP
C. DPI
D. PI
|
| 7 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 8 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 9 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 10 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
Test Questions