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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 recession demand for factors of production is
Question # 2
The innovation theory of trade cycles was presented by
Question # 3
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 4
If we deduct foreign income from GNP, we get:
Question # 5
Depreciation means:
Question # 6
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 7
In which phase of a trade cycle level of employment and income become very low
Question # 8
During depression, increases
Question # 9
According to Prof. Jugglar a trade cycle comletes in
Question # 10
The period in which an economy comes back from prosperity to depression is called
Question # 11
Income received without any economic services:
Question # 12
National income is measured for:
Question # 13
Economy gets prosperity during
Question # 14
Equilibrium level of national income means that point where:
Question # 15
During the phase of recession prices of goods
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 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
|
| 2 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 3 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 4 | Income received without any economic services: |
A. National Income
B. Transfer payments
C. Interest
D. Profit
|
| 5 | Direct taxes are not included in: |
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
|
| 6 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 7 | According to which economist, duration of a trade cycle is 9 to 10 years |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Pigou
D. Prof Kondratieff
|
| 8 | Psychological theory of trade cycles is presented by |
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
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| 9 | 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
|
| 10 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
Test Questions