The different phases of a business cycle:
Select Your Answer (Keyboard: A, B, C, D)
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Business CyclesMCQPYQ - Nov 2020Question 85 of 119
All Questions Correct Answer
✅ Option a — Do not have the same length and severity
All Options:
- ADo not have the same length and severity
- BHave the same length and severity
- CHave the same length but different severity
- DHave different length but same severity
Detailed Solution & Explanation
PYQ - Nov 2020
About This Chapter: Business Cycles
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Phases, Features, Causes
Business Cycles describe the recurring fluctuations in economic activity — Expansion, Peak, Recession, and Trough. This chapter covers the phases, features, and causes of business cycles, along with theories explaining why economies go through regular boom-bust patterns.
View Official ICAI SyllabusExam Strategy Tip
This is a lower-weightage chapter but easy to score. Focus on memorizing the four phases and their characteristics. Questions are usually straightforward.
Key Concepts to Understand
Related Comparison Tables
More Questions from Business Cycles
The lowest point in the business cycle is referred to as the:
A leading indicator is:
Which of the following is not a characteristic of business cycles?
Economic recession shares all of these characteristics except:
Which of the following is not an example of coincident indicator?
During recession, the unemployment rate ________ and output ________.
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