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

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Question # 1

According to Prof. Kitchen a trade cycle completes in

Question # 2

During boom

Question # 3

One of the following is not include in national income:

Question # 4

Depreciation means:

Question # 5

Methods for measurement of national income are:

Question # 6

Equilibrium level of national income means that point where:

Question # 7

Which phase starts with the increase in expected rate of profit

Question # 8

Subsidies means:

Question # 9

During depression, increases

Question # 10

In Macro economies the vital role is played by:

Question # 11

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

Question # 12

National income at factor cost is equal to:

Question # 13

During depression

Question # 14

During the phase of recovery prices, wages, interest rate and profits

Question # 15

Innovation theory is presented by

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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 During depression
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
2 Methods for measurement of national income are:
A. Two
B. Three
C. Four
D. Five
3 Equilibrium level of national income means that point where:
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
4 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
5 National income is measured for:
A. One year
B. Two years
C. Three years
D. Four 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 National Income is also known as:
A. National product
B. Total expenditure
C. Total population
D. Both a and b
8 The innovation theory of trade cycles was presented by
A. Hayek
B. Hawtray
C. Schumpeter
D. Pigou
9 During boom
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
10 According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
A. Prof Kitchen
B. Prof Jugglar
C. Prof Pigou
D. Prof Kondratieff

Test Questions

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