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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
Over investment theory is presented by
Question # 2
If we deduct direct taxes from personal income, we get:
Question # 3
National income is measured for:
Question # 4
One of the following is not include in national income:
Question # 5
Equilibrium level of national income means that point where:
Question # 6
Monetary theory of Trade cycle is presented by
Question # 7
In which phase of a trade cycle level of employment and income become very low
Question # 8
Direct taxes are not included in:
Question # 9
During depression, increases
Question # 10
During depression
Question # 11
The income which a person can use according to his will called:
Question # 12
Psychological theory of trade cycles is presented by
Question # 13
During the phase of boom level of income and employment is
Question # 14
Modern theory of trade cycles is presented by
Question # 15
Methods for measurement of national income are:
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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| Sr.# | Question | Answer |
|---|---|---|
| 1 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
| 2 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 3 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 4 | 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
|
| 5 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 6 | Psychological theory of trade cycles is presented by |
A. Prof Jevons
B. Prof Pigou and Bagehot
C. Prof Keynes
D. Prof Hawtrey
|
| 7 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 8 | Modern theory of trade cycles is presented by |
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
|
| 9 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
| 10 | 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
|
| 11 | 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
|
| 12 | During the phase of boom level of income and employment is |
A. Increasing
B. Decreasing
C. Highest
D. Lowest
|
| 13 | 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
|
| 14 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 15 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
Test Questions
