Question # 1

In which phase of a trade cycle national product, wages, prices and profits reach at their peak

Choose an answer

Recovery

Boom

Recession

Depression

Modern theory of trade cycles is presented by

Choose an answer

Prof Schumpeter

Prof Keynes

Prof Hawtrey

Prof Hicks and Samuelson

If we deduct direct taxes from personal income, we get:

Choose an answer

NNP

GDP

DPI

PI

Over investment theory is presented by

Choose an answer

Pigou

Hawtray

Hayek, Mises and Cassel

Prof Jugglar

Direct taxes are not included in:

Choose an answer

Personal income

G.N.P

G.D.P

Disposable personal income

Income received without any economic services:

Choose an answer

National Income

Transfer payments

Interest

Profit

Depreciation means:

Choose an answer

Wear and Tear

Reduction in value

Decrease in value

All of these

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

Choose an answer

Prof Keynes

Prof Mitchall

Prof Hanson

Prof Haberler

In which phase of a trade cycle level of employment and income become very low

Choose an answer

Depression

Recovery

Boom

Recession

Net foreign income means:

Choose an answer

Import - Exports

Exports - Imports

Import + Exports

Income from imports

According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years

Choose an answer

Prof Kitchen

Prof Jugglar

Prof Pigou

Prof Kondratieff

Market value of all final goods and services is known as:

Choose an answer

N.I

G.N.P

N.N.P

Both a and b

According to Prof. Kitchen a trade cycle completes in

Choose an answer

Two years six months

Three years or Fifty years

Fifty years or Sixty years

Sixty years or Seventy years

Psychological theory of trade cycles is presented by

Choose an answer

Prof Jevons

Prof Pigou and Bagehot

Prof Keynes

Prof Hawtrey

During the phase of boom level of income and employment is

Choose an answer

Increasing

Decreasing

Highest

Lowest

National income is measured for:

Choose an answer

One year

Two years

Three years

Four years

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer