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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
One of the following is not include in national income:
Question # 2
According to Prof. Kitchen a trade cycle completes in
Question # 3
The innovation theory of trade cycles was presented by
Question # 4
According to Prof. Jugglar a trade cycle comletes in
Question # 5
Which phase starts with the increase in expected rate of profit
Question # 6
Subsidies means:
Question # 7
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 8
Theory of sun-spot was presented by
Question # 9
During the phase of recovery prices, wages, interest rate and profits
Question # 10
During the phase of recession prices of goods
Question # 11
Monetary theory of Trade cycle is presented by
Question # 12
Transfer payment means:
Question # 13
During boom
Question # 14
Under consumption or over saving theory is presented by
Question # 15
Net foreign income 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 | Income received without any economic services: |
A. National Income
B. Transfer payments
C. Interest
D. Profit
|
| 2 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 3 | The period in which an economy comes back from prosperity to depression is called |
A. Recovery
B. Recession
C. Boom
D. Depression
|
| 4 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 5 | "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
|
| 6 | 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
|
| 7 | 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
|
| 8 | Direct taxes are not included in: |
A. Personal income
B. G.N.P
C. G.D.P
D. Disposable personal income
|
| 9 | Market value of all final goods and services is known as: |
A. N.I
B. G.N.P
C. N.N.P
D. Both a and b
|
| 10 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
Test Questions