The rise and fall of share market is an example of
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Cyclical trend
A cyclical component of a time series is an oscillatory movement whose period is more than a year; one complete period (boom, recession, depression, recovery) is called a cycle. The share market rises and falls in such boom-and-slump cycles, which last several years, so its rise and fall is a cyclical movement.
Why the other options are incorrect
Option (1) Seasonal trend — Incorrect. Seasonal variations repeat regularly within one year (climate, festivals, customs).
Option (3) Secular trend — Incorrect. The secular trend is the long-term general direction of the series, not a repeated rise and fall.
Option (4) Irregular trend — Incorrect. Irregular variations are caused by unforeseen, non-recurring events such as floods, natural calamities or strikes; they do not follow a pattern of rise and fall.