Business CyclesPYQ - Nov 2020Question 85 of 20
All Questions

The different phases of a business cycle:

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
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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

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 Syllabus

Exam 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

Business Cycle

Fluctuations in economic activity (Expansion, Peak, Contraction, Trough).

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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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