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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
National Income is also known as:
Question # 2
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 3
Modern theory of trade cycles is presented by
Question # 4
Innovation theory is presented by
Question # 5
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 6
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 7
Direct taxes are not included in:
Question # 8
If we deduct depreciation from GNP, we get:
Question # 9
National income at factor cost is equal to:
Question # 10
Transfer payment means:
Question # 11
Psychological theory of trade cycles is presented by
Question # 12
Over investment theory is presented by
Question # 13
Equilibrium level of national income means that point where:
Question # 14
Subsidies means:
Question # 15
Depreciation means:
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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ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Methods for measurement of national income are: |
A. Two
B. Three
C. Four
D. Five
|
| 2 | "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
|
| 3 | During depression, increases |
A. Unemployment
B. Employment
C. Profit
D. Production
|
| 4 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
| 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 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 7 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 8 | Depreciation means: |
A. Wear and Tear
B. Reduction in value
C. Decrease in value
D. All of these
|
| 9 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 10 | National income is measured for: |
A. One year
B. Two years
C. Three years
D. Four years
|
Test Questions