Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy National Income Accounting
Consider the following statement about the Business cycles
1. Business Cycles are intervals of expansion followed by recession in economic activity.
2. There are four stages in the business cycle.
3. Sometimes Depression (Prolonged Recession) may end with the corrective measures taken by the government and the market.
4. If it does not end and relapses for any reason, due to external or internal shocks, it is called Double Dip Recession.
Which of the statements given above is/are correct?1
1 and 2 only
2
1 and 3 only
3
1 and 4 only
4
All of the above