| 1 |
Over investment theory is presented by |
- A. Pigou
- B. Hawtray
- C. Hayek, Mises and Cassel
- D. Prof Jugglar
|
| 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 |
In which phase of a trade cycle level of employment and income become very low |
- A. Depression
- B. Recovery
- C. Boom
- D. Recession
|
| 4 |
One of the following is not include in national income: |
- A. Transfer payments
- B. Depreciation
- C. Wages
- D. Both a and b
|
| 5 |
Modern theory of trade cycles is presented by |
- A. Prof Schumpeter
- B. Prof Keynes
- C. Prof Hawtrey
- D. Prof Hicks and Samuelson
|
| 6 |
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
|
| 7 |
"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
|
| 8 |
During the phase of recovery prices, wages, interest rate and profits |
- A. Start falling gradually
- B. Start rising gradually
- C. are highest
- D. are lowest
|
| 9 |
Direct taxes are not included in: |
- A. Personal income
- B. G.N.P
- C. G.D.P
- D. Disposable personal income
|
| 10 |
Which phase starts with the increase in expected rate of profit |
- A. Depression
- B. Recovery
- C. Boom
- D. Recession
|
