| 1 |
National income at factor cost is equal to: |
- A. G.N.P - Subsidies + taxes
- B. N.N.P - Direct tax + Subsidies
- C. G.D.P - Subsidies + taxes
- D. N.N.P - Indirect tax + Subsidies
|
| 2 |
Psychological theory of trade cycles is presented by |
- A. Prof Jevons
- B. Prof Pigou and Bagehot
- C. Prof Keynes
- D. Prof Hawtrey
|
| 3 |
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
|
| 4 |
Monetary theory of Trade cycle is presented by |
- A. Prof Hawtrey and Friedman
- B. Prof Keynes
- C. Prof Hobson
- D. Prof Kitchen
|
| 5 |
Depreciation means: |
- A. Wear and Tear
- B. Reduction in value
- C. Decrease in value
- D. All of these
|
| 6 |
During depression, increases |
- A. Unemployment
- B. Employment
- C. Profit
- D. Production
|
| 7 |
In Macro economies the vital role is played by: |
- A. Marshall
- B. J.R.Hicks
- C. Robbins
- D. Keynes
|
| 8 |
Equilibrium level of national income means that point where: |
- A. Consumption = Saving
- B. Consumption = Investment
- C. Saving = Investment
- D. Income = Saving + Investment
|
| 9 |
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by |
- A. Prof Keynes
- B. Prof Mitchall
- C. Prof Hanson
- D. Prof Haberler
|
| 10 |
Modern theory of trade cycles is presented by |
- A. Prof Schumpeter
- B. Prof Keynes
- C. Prof Hawtrey
- D. Prof Hicks and Samuelson
|
