First Year Principles of Economics Chapter 11 Online MCQ Test for 1st Year Principles of Economics Chapter 11 (Business Cycle)

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
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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"

  • Total Questions15

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Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test

00:00
Question # 1

Depreciation means:

Question # 2

Equilibrium level of national income means that point where:

Question # 3

Which phase starts with the increase in expected rate of profit

Question # 4

If we deduct direct taxes from personal income, we get:

Question # 5

Psychological theory of trade cycles is presented by

Question # 6

In Macro economies the vital role is played by:

Question # 7

Economy gets prosperity during

Question # 8

National income at factor cost is equal to:

Question # 9

During recession demand for factors of production is

Question # 10

Market value of all final goods and services is known as:

Question # 11

During the phase of recession prices of goods

Question # 12

Under consumption or over saving theory is presented by

Question # 13

If we deduct depreciation from GNP, we get:

Question # 14

"A trade cycle is completed in three years four months" This is stated by

Question # 15

Direct taxes are not included in:

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11th Principle of Economics Chapter 11 Test

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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 If we deduct depreciation from GNP, we get:
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
3 During recession demand for factors of production is
A. More
B. Limited
C. Very low
D. Too much
4 "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
5 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
6 If we deduct direct taxes from personal income, we get:
A. NNP
B. GDP
C. DPI
D. PI
7 If we deduct foreign income from GNP, we get:
A. N.N.P
B. G.D.P
C. D.P.I
D. P.I
8 During the phase of boom level of income and employment is
A. Increasing
B. Decreasing
C. Highest
D. Lowest
9 Theory of sun-spot was presented by
A. Prof Jevons and Henry L, Moor
B. Prof Pigou and begehot
C. Prof Hobson
D. Prof Cassel
10 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

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