Question # 1

According to Prof. Jugglar a trade cycle comletes in

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Five to six years

Nine to ten years

Ten to eleven years

Eleven to twelve years

"A trade cycle is completed in three years four months" This is stated by

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Prof Kitchen

Prof Jugglar

Prof Jevons

Prof Pigou

Phases of a trade cycle are

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Two

Three

Four

Five

"A trade cycle is fluctuation in employment, production and prices" This definition of Trade cycle is stated by

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Prof Keynes

Prof Mitchall

Prof Hanson

Prof Haberler

Direct taxes are not included in:

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Personal income

G.N.P

G.D.P

Disposable personal income

During depression

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Employment increases

Prices decrease

Profit increases

Prices increase

The period in which an economy comes back from prosperity to depression is called

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Recovery

Recession

Boom

Depression

During depression, increases

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Unemployment

Employment

Profit

Production

Net foreign income means:

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Import - Exports

Exports - Imports

Import + Exports

Income from imports

Theory of sun-spot was presented by

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Prof Jevons and Henry L, Moor

Prof Pigou and begehot

Prof Hobson

Prof Cassel

During the phase of recession prices of goods

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Start rising

Start falling

are highest

are lowest

Income received without any economic services:

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National Income

Transfer payments

Interest

Profit

Methods for measurement of national income are:

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Two

Three

Four

Five

Economy gets prosperity during

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Recession

Depression

Boom

Recovery

Transfer payment means:

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Rent transfer

Wages transfer

Reward without services

Profit transfer

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Principles of Economics Icom Part 1 English Medium Chapter 11 Online Test MCQs With Answers

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