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

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

Sr. # Questions Answers Choice
1 Modern theory of trade cycles is presented by Prof Schumpeter Prof Keynes Prof Hawtrey Prof Hicks and Samuelson
2 Innovation theory is presented by Prof Kegnes Prof Schumpeter Prof Hicks Prof Foster
3 Monetary theory of Trade cycle is presented by Prof Hawtrey and Friedman Prof Keynes Prof Hobson Prof Kitchen
4 Over investment theory is presented by Pigou Hawtray Hayek, Mises and Cassel Prof Jugglar
5 Under consumption or over saving theory is presented by Prof Hobson, Foster and Catchings Prof Hawtrey Prof Keynes Prof Jevons
6 Psychological theory of trade cycles is presented by Prof Jevons Prof Pigou and Bagehot Prof Keynes Prof Hawtrey
7 Theory of sun-spot was presented by Prof Jevons and Henry L, Moor Prof Pigou and begehot Prof Hobson Prof Cassel
8 According to which economist some trade cycles complete their cycle during a period of fifty years or sixty years Prof Kitchen Prof Jugglar Prof Pigou Prof Kondratieff
9 According to which economist, duration of a trade cycle is 9 to 10 years Prof Kitchen Prof Jugglar Prof Pigou Prof Kondratieff
10 "A trade cycle is completed in three years four months" This is stated by Prof Kitchen Prof Jugglar Prof Jevons Prof Pigou
11 The period in which an economy comes back from prosperity to depression is called Recovery Recession Boom Depression
12 In which phase of a trade cycle national product, wages, prices and profits reach at their peak Recovery Boom Recession Depression
13 In which phase of a trade cycle production, employment, wages and rate of interest etc start rising gradually Boom Depression Recovery Recession
14 In which phase of a trade cycle level of employment and income become very low Depression Recovery Boom Recession
15 Phases of a trade cycle are Two Three Four Five
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