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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
Economy gets prosperity during
Question # 2
"A trade cycle is completed in three years four months" This is stated by
Question # 3
National income at factor cost is equal to:
Question # 4
The period in which an economy comes back from prosperity to depression is called
Question # 5
According to Prof. Kitchen a trade cycle completes in
Question # 6
If we deduct foreign income from GNP, we get:
Question # 7
Over investment theory is presented by
Question # 8
Direct taxes are not included in:
Question # 9
Modern theory of trade cycles is presented by
Question # 10
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 11
The innovation theory of trade cycles was presented by
Question # 12
Equilibrium level of national income means that point where:
Question # 13
During depression
Question # 14
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 15
Theory of sun-spot was presented 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.
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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
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 2 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
| 3 | "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
|
| 4 | During depression, increases |
A. Unemployment
B. Employment
C. Profit
D. Production
|
| 5 | 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
|
| 6 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 7 | Modern theory of trade cycles is presented by |
A. Prof Schumpeter
B. Prof Keynes
C. Prof Hawtrey
D. Prof Hicks and Samuelson
|
| 8 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 9 | Under consumption or over saving theory is presented by |
A. Prof Hobson, Foster and Catchings
B. Prof Hawtrey
C. Prof Keynes
D. Prof Jevons
|
| 10 | 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
|
Test Questions