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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 Macro economies the vital role is played by:
Question # 2
According to which economist, duration of a trade cycle is 9 to 10 years
Question # 3
If we deduct direct taxes from personal income, we get:
Question # 4
During the phase of boom level of income and employment is
Question # 5
One of the following is not include in national income:
Question # 6
During recession demand for factors of production is
Question # 7
National income at factor cost is equal to:
Question # 8
"A trade cycle is completed in three years four months" This is stated by
Question # 9
Transfer payment means:
Question # 10
Theory of sun-spot was presented by
Question # 11
Equilibrium level of national income means that point where:
Question # 12
Net foreign income means:
Question # 13
The innovation theory of trade cycles was presented by
Question # 14
Income received without any economic services:
Question # 15
Under consumption or over saving theory is 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 | "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
|
| 2 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 3 | Which phase starts with the increase in expected rate of profit |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 4 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 5 | The income which a person can use according to his will called: |
A. Net income
B. Per capital income
C. Personal income
D. Disposable personal income
|
| 6 | Transfer payment means: |
A. Rent transfer
B. Wages transfer
C. Reward without services
D. Profit transfer
|
| 7 | Monetary theory of Trade cycle is presented by |
A. Prof Hawtrey and Friedman
B. Prof Keynes
C. Prof Hobson
D. Prof Kitchen
|
| 8 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
| 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 | The innovation theory of trade cycles was presented by |
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
|
Test Questions
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