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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
During depression
Question # 2
Methods for measurement of national income are:
Question # 3
During depression, increases
Question # 4
Transfer payment means:
Question # 5
In which phase of a trade cycle level of employment and income become very low
Question # 6
"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by
Question # 7
Psychological theory of trade cycles is presented by
Question # 8
If we deduct foreign income from GNP, we get:
Question # 9
In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually
Question # 10
One of the following is not include in national income:
Question # 11
According to Prof. Jugglar a trade cycle comletes in
Question # 12
Depreciation means:
Question # 13
Theory of sun-spot was presented by
Question # 14
The income which a person can use according to his will called:
Question # 15
National income is measured for:
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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ICom Part 1 Principles of Economics ( English Medium) Chapter 11 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Theory of sun-spot was presented by |
A. Prof Jevons and Henry L, Moor
B. Prof Pigou and begehot
C. Prof Hobson
D. Prof Cassel
|
| 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 | During the phase of recession prices of goods |
A. Start rising
B. Start falling
C. are highest
D. are lowest
|
| 4 | In which phase of a trade cycle national product, wages, prices and profits reach at their peak |
A. Recovery
B. Boom
C. Recession
D. Depression
|
| 5 | In which phase of a trade cycle level of employment and income become very low |
A. Depression
B. Recovery
C. Boom
D. Recession
|
| 6 | 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
|
| 7 | 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
|
| 8 | Phases of a trade cycle are |
A. Two
B. Three
C. Four
D. Five
|
| 9 | During the phase of boom level of income and employment is |
A. Increasing
B. Decreasing
C. Highest
D. Lowest
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| 10 | "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
|
Test Questions