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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 which phase of a trade cycle level of employment and income become very low
Question # 2
Net foreign income means:
Question # 3
The income which a person can use according to his will called:
Question # 4
National Income is also known as:
Question # 5
Methods for measurement of national income are:
Question # 6
If we deduct direct taxes from personal income, we get:
Question # 7
National income at factor cost is equal to:
Question # 8
National income is measured for:
Question # 9
"A trade cycle is completed in three years four months" This is stated by
Question # 10
The innovation theory of trade cycles was presented by
Question # 11
Market value of all final goods and services is known as:
Question # 12
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 13
Modern theory of trade cycles is presented by
Question # 14
According to Prof. Jugglar a trade cycle comletes in
Question # 15
In Macro economies the vital role is played by:
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.
Top Scorers Of Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 12 Sec 14/15 -
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F Faizan Bakhsh 23 - Nov - 2023 01 Min 12 Sec 9/15 -
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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 | 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
|
| 2 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
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| 3 | During recession demand for factors of production is |
A. More
B. Limited
C. Very low
D. Too much
|
| 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 | "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
|
| 6 | In Macro economies the vital role is played by: |
A. Marshall
B. J.R.Hicks
C. Robbins
D. Keynes
|
| 7 | During the phase of recovery prices, wages, interest rate and profits |
A. Start falling gradually
B. Start rising gradually
C. are highest
D. are lowest
|
| 8 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 9 | 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
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| 10 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
Test Questions
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