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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
The best definition of money is stated by
Question # 2
Which kind of budget is better during the situation of inflation
Question # 3
Prices during the situation of inflation
Question # 4
Functions of money are
Question # 5
One of the following is not the cause of deflation
Question # 6
One of the following is not advantage of paper money
Question # 7
______ is not considered perfect money
Question # 8
The coins whose current price is greater than their intrinsic value, are called
Question # 9
Relationship of value of money with quantity of money is
Question # 10
Convertible paper money is issued by
Question # 11
During inflation prices are
Question # 12
Unit of account money in Pakistan is
Question # 13
Note of 500 rupees is
Question # 14
The money whose face value and intrinsic value are equal, is called
Question # 15
It was impossible under barter system
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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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 2 | Which one of the following does not exist during deflation |
A. Production decreases
B. Value of money increases
C. Supply of goods and services increases from their demand
D. Level of employment increases
|
| 3 | Functions of money are |
A. Medium of exchange
B. Common measure of value
C. Store of value
D. All the three
|
| 4 | Net National product is equal to |
A. GNP + Depreciation expenditure
B. GDP + Depreciation expenditure
C. GNP - Depreciation expenditure
D. GDP - Depreciation expenditure
|
| 5 | ______ is not considered perfect money |
A. Note of ten rupees
B. Note of hundred rupees
C. Piece of silver
D. Note of one thousand rupees
|
| 6 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
| 7 | One of the following is not advantage of paper money |
A. Saving of metals
B. Saving of coinage
C. Easy transferability
D. Perfectly inelastic supply
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| 8 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
| 9 | According to quantity theory of money doubling the quantity of money, prices |
A. Increase
B. Double
C. Decrease
D. One half
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| 10 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
|
Test Questions