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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
In Macro economies the vital role is played by:
Question # 2
During depression, increases
Question # 3
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 4
Methods for measurement of national income are:
Question # 5
Transfer payment means:
Question # 6
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 7
The period in which an economy comes back from prosperity to depression is called
Question # 8
During depression
Question # 9
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 10
If we deduct direct taxes from personal income, we get:
Question # 11
According to Prof. Jugglar a trade cycle comletes in
Question # 12
National Income is also known as:
Question # 13
Modern theory of trade cycles is presented by
Question # 14
Income received without any economic services:
Question # 15
The income which a person can use according to his will called:
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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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 12 Sec 14/15 -
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J Jaweria Faraz 11 - Jul - 2024 02 Min 51 Sec 9/15 -
A Alishba Mumtaz 05 - May - 2024 03 Min 03 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 2 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 3 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 4 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 5 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 6 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 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 | "A trade cycle is completed in three years four months" This is stated by |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Jevons
D. Prof Pigou
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| 9 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 10 | 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
|
Test Questions
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