n NISM Certifications
XV NISM Series XV
Medium

Which statement accurately describes the nature of economic cycles? Economic cycles represent the fluctuations in economic activity over time, including periods of growth and contraction.

Practice question from NISM XV Mock Test 5 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    They typically extend over a minimum of ten years

  2. B

    They occur at regular, fixed intervals

  3. Their duration fluctuates unpredictably

    Correct answer

  4. D

    They can be predicted with high accuracy

Why this is the answer

Economic cycles vary in length due to policy changes, global events, and market dynamics, making them unpredictable in duration and timing.

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