Exam 3: Economic Cycle and Financial Crises

Which one of the following is the largest item of expenditure of the Government of India on revenue account?

The lowest level of economic activity is called            

The economy is said to be overheated at the _ phase of business cycle.

Expansion phase all but one of the following characteristics.

Which one of the following is not the characteristic of business cycle?

The term business cycle refers to -

When prices are falling continuously, the phenomenon is called:

Cost of living increases when business cycle is            

Fall in the level of investments, fall in production, fall in employment, fall stock prices, etc. are found during phase of business cycle.

Economic Survey in India is published by the

Cause of Inflation in India is / are:

There is large scale of involuntary unemployment in the phase of business cycle.

Involuntary unemployment is almost zero in the phase of business cycle.

The turning points of the business cycle are

During the financial crisis of 2007-08, which financial instruments commonly came to be called "Toxic Assets"?

During depression _ industry suffer from excess production capacity.

The great depression was caused by what major event?

Fiscal policy in India is formulated by

All but one are the endogenous factors of business cycle

The period of economic downturn that ensued after the financial crisis of 2007-08 and affected many countries world-wide is called: