| 1 |
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
|
| 2 |
Over investment theory is presented by |
- A. Pigou
- B. Hawtray
- C. Hayek, Mises and Cassel
- D. Prof Jugglar
|
| 3 |
The innovation theory of trade cycles was presented by |
- A. Hayek
- B. Hawtray
- C. Schumpeter
- D. Pigou
|
| 4 |
If we deduct direct taxes from personal income, we get: |
- A. NNP
- B. GDP
- C. DPI
- D. PI
|
| 5 |
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
|
| 6 |
Subsidies means: |
- A. Relief price to consumers
- B. Relief in price to Producers
- C. Surplus budget
- D. Both a and b
|
| 7 |
Transfer payment means: |
- A. Rent transfer
- B. Wages transfer
- C. Reward without services
- D. Profit transfer
|
| 8 |
During the phase of recession prices of goods |
- A. Start rising
- B. Start falling
- C. are highest
- D. are lowest
|
| 9 |
Economy gets prosperity during |
- A. Recession
- B. Depression
- C. Boom
- D. Recovery
|
| 10 |
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
|
