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This online test contains MCQs about following topics:
. Barter system . Evolution of money . Definition of moeny . Assumptiond of quantity theory of money . Criticism on quantity theory of money . Inflation . Deflation . Measures to control inflation . Measures to control deflation
ICOM Part 1 Economics Ch 10 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test"
Try The MCQ's Test For Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test
00:00
Question # 1
One of the following is not monetary measure to control inflation
Question # 2
One of the following is not the monetary measure to control inflation
Question # 3
MRP curve is slopping:
Question # 4
Which economist said that the term demand for money should be used instead of circulation of money
Question # 5
One of the following is not the fiscal measure to control inflation
Question # 6
Prices during the situation of inflation
Question # 7
What is money
Question # 8
During inflation prices are
Question # 9
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
This definition of money is stated by
Question # 10
There exists a relationship between inflation and deflation
Question # 11
Functions of money are
Question # 12
Kinds of credit money are
Question # 13
One of the following is not the difficulty of the barter system
Question # 14
The money in which payment can be made only to certain extent is called
Question # 15
Which is considered as a transfer payment
11th Principle of Economics Chapter 10 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 10 Money Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test" MCQ`s Test
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B Batool 01 - Dec - 2018 00 Min 40 Sec 15/15 -
M Minahil Asif 07 - Jun - 2024 01 Min 21 Sec 15/15 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 33 Sec 15/15 -
A Aliya hassan 05 - Dec - 2020 03 Min 01 Sec 15/15 -
T Taha 06 - Aug - 2021 03 Min 28 Sec 15/15 -
N Naveera 18 - May - 2021 02 Min 13 Sec 13/15 -
S Subtain Ahmed Raza 22 - Jul - 2023 03 Min 31 Sec 13/15 -
M Muhammad Hammad Shekhani 28 - Jun - 2021 10 Min 43 Sec 13/15 -
S shafaqat ali 14 - Feb - 2018 03 Min 39 Sec 12/15 -
Z Zafar Ali 30 - May - 2024 00 Min 11 Sec 11/15 -
E Elsa 04 - Mar - 2021 02 Min 26 Sec 11/15 -
S Saba 24 - Jun - 2021 04 Min 34 Sec 11/15 -
A Aiman 12 - May - 2018 07 Min 46 Sec 11/15 -
M Manan Malik 12 - Jan - 2022 02 Min 07 Sec 10/15 -
M Muhammad Abrar 25 - Dec - 2020 03 Min 28 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
| 2 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
|
| 3 | Which economist said that the term demand for money should be used instead of circulation of money |
A. Prof Keynes
B. Prof Marshall
C. Prof Crowther
D. Prof Fisher
|
| 4 | Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called |
A. Token money
B. Money of account
C. Standard money
D. Near money
|
| 5 | Value of money means purchasing power of money. If quantity of money is doubled then |
A. Purchasing power of money will be one halved
B. Purchasing power of money will be doubled
C. Purchasing power of money will be tripled
D. There will be no effect on the purchasing power of money
|
| 6 | The paper notes which can not be converted in gold, silver, or foreign exchange, are called |
A. Standard money
B. Convertible paper money
C. Inconvertible paper money
D. Legal tender money
|
| 7 | Quantity theory of money failed during world economic depression |
A. In 1920
B. In 1925
C. In 1929
D. In 1935
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| 8 | Prices during the situation of inflation |
A. Increase
B. Decrease
C. Do not change
D. Become zero
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| 9 | Marginal revenue product is the amount of money attained by selling: |
A. Average product
B. Marginal product
C. Total product
D. Total cost
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| 10 | If face value is equal to the metal value of a coin, it is called as |
A. Paper money
B. Token money
C. Credit money
D. Standard money
|
Test Questions
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