| 1 |
During recession demand for factors of production is |
- A. More
- B. Limited
- C. Very low
- D. Too much
|
| 2 |
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
|
| 3 |
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
|
| 4 |
During boom |
- A. Business contracts
- B. Unemployment increase
- C. Profit decreases
- D. Profit increases
|
| 5 |
Income received without any economic services: |
- A. National Income
- B. Transfer payments
- C. Interest
- D. Profit
|
| 6 |
In which phase of a trade cycle level of employment and income become very low |
- A. Depression
- B. Recovery
- C. Boom
- D. Recession
|
| 7 |
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually |
- A. Boom
- B. Depression
- C. Recovery
- D. Recession
|
| 8 |
During depression |
- A. Employment increases
- B. Prices decrease
- C. Profit increases
- D. Prices increase
|
| 9 |
Methods for measurement of national income are: |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 10 |
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
|
