Hello Salman,
If you need to perform a semi-period measurement on your signal, the only thing you can do with a DMM is to acquire a waveform and then use the signal processing VIs in LabVIEW to calculate the pulse widths. Typically, in order to perform a semi-period measurement in hardware, we need a counter. An M Series DAQ board, for instance, has two counters which can be used for semi-period measurements.
As for your FGEN question, the square wave is one of the standard waveforms available, and you can adjust the duty cycle using the NI-FGEN property node with the following properties selected:

FYI, if you want to see how an express VI is doing something, you can always convert it to a regular VI and then view it's front panel. To do this, right click on the express VI and select
Open Front Panel. Be careful when doing so, because once you do, you cannot revert to the express form of the VI.
I hope this helps. Good luck with your application!
Best regards,
Message Edited by Jarrod B. on 02-22-2007 11:54 AM