| 1 |
"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
|
| 2 |
Innovation theory is presented by |
- A. Prof Kegnes
- B. Prof Schumpeter
- C. Prof Hicks
- D. Prof Foster
|
| 3 |
During depression, increases |
- A. Unemployment
- B. Employment
- C. Profit
- D. Production
|
| 4 |
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
|
| 5 |
Subsidies means: |
- A. Relief price to consumers
- B. Relief in price to Producers
- C. Surplus budget
- D. Both a and b
|
| 6 |
Modern theory of trade cycles is presented by |
- A. Prof Schumpeter
- B. Prof Keynes
- C. Prof Hawtrey
- D. Prof Hicks and Samuelson
|
| 7 |
Direct taxes are not included in: |
- A. Personal income
- B. G.N.P
- C. G.D.P
- D. Disposable personal income
|
| 8 |
If we deduct direct taxes from personal income, we get: |
- A. NNP
- B. GDP
- C. DPI
- D. PI
|
| 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
|
| 10 |
Which phase starts with the increase in expected rate of profit |
- A. Depression
- B. Recovery
- C. Boom
- D. Recession
|
