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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
In which phase of a trade cycle national product, wages, prices and profits reach at their peak
Question # 2
Phases of a trade cycle are
Question # 3
Net foreign income means:
Question # 4
Over investment theory is presented by
Question # 5
Income received without any economic services:
Question # 6
National Income is also known as:
Question # 7
During the phase of boom level of income and employment is
Question # 8
The income which a person can use according to his will called:
Question # 9
Which phase starts with the increase in expected rate of profit
Question # 10
One of the following is not include in national income:
Question # 11
During the phase of recession prices of goods
Question # 12
According to Prof. Kitchen a trade cycle completes in
Question # 13
The period in which an economy comes back from prosperity to depression is called
Question # 14
The innovation theory of trade cycles was presented by
Question # 15
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
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.
Top Scorers Of Chapter 11 "Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test" MCQ`s Test
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S Subtain Ahmed Raza 22 - Jul - 2023 02 Min 12 Sec 14/15 -
A Aiman 12 - May - 2018 03 Min 11 Sec 14/15 -
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H Hamza 01 - Jul - 2021 03 Min 45 Sec 12/15 -
M Muhammad kashif shakoor 14 - Jun - 2024 02 Min 38 Sec 10/15 -
T Tehmina Erum 26 - Jul - 2021 06 Min 19 Sec 10/15 -
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A Ali hamza 25 - Dec - 2018 01 Min 44 Sec 9/15 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 51 Sec 9/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Equilibrium level of national income means that point where: |
A. Consumption = Saving
B. Consumption = Investment
C. Saving = Investment
D. Income = Saving + Investment
|
| 2 | During the phase of boom level of income and employment is |
A. Increasing
B. Decreasing
C. Highest
D. Lowest
|
| 3 | 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
|
| 4 | "A trade cycle is completed in three years four months" This is stated by |
A. Prof Kitchen
B. Prof Jugglar
C. Prof Jevons
D. Prof Pigou
|
| 5 | During boom |
A. Business contracts
B. Unemployment increase
C. Profit decreases
D. Profit increases
|
| 6 | Net foreign income means: |
A. Import - Exports
B. Exports - Imports
C. Import + Exports
D. Income from imports
|
| 7 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 8 | If we deduct depreciation from GNP, we get: |
A. P.I
B. G.D.P
C. D.P.I
D. N.N.P
|
| 9 | National Income is also known as: |
A. National product
B. Total expenditure
C. Total population
D. Both a and b
|
| 10 | Innovation theory is presented by |
A. Prof Kegnes
B. Prof Schumpeter
C. Prof Hicks
D. Prof Foster
|
Test Questions
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