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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
Income received without any economic services:
Question # 2
Equilibrium level of national income means that point where:
Question # 3
During the phase of boom level of income and employment is
Question # 4
"A trade cycle is completed in three years four months" This is stated by
Question # 5
If we deduct direct taxes from personal income, we get:
Question # 6
According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years
Question # 7
Depreciation means:
Question # 8
Monetary theory of Trade cycle is presented by
Question # 9
Over investment theory is presented by
Question # 10
The innovation theory of trade cycles was presented by
Question # 11
If we deduct depreciation from GNP, we get:
Question # 12
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 13
During the phase of recession prices of goods
Question # 14
If we deduct foreign income from GNP, we get:
Question # 15
According to which economist, duration of a trade cycle is 9 to 10 years
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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A Alishba Mumtaz 05 - May - 2024 03 Min 03 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 2 | 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
|
| 3 | 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
|
| 4 | During depression |
A. Employment increases
B. Prices decrease
C. Profit increases
D. Prices increase
|
| 5 | 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
|
| 6 | According to Prof. Kitchen a trade cycle completes in |
A. Two years six months
B. Three years or Fifty years
C. Fifty years or Sixty years
D. Sixty years or Seventy years
|
| 7 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 8 | Subsidies means: |
A. Relief price to consumers
B. Relief in price to Producers
C. Surplus budget
D. Both a and b
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| 9 | 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
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| 10 | Over investment theory is presented by |
A. Pigou
B. Hawtray
C. Hayek, Mises and Cassel
D. Prof Jugglar
|
Test Questions
