| 1 |
______ 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
|
| 2 |
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
|
| 3 |
One of the following is not the assumption of quantity theory of money |
- A. Velocity of circulation of legal money should not change
- B. Velocity of Circulation of credit money should not change
- C. Quantity of hoardings should not change
- D. Quantity of goods and services should go on changing
|
| 4 |
The money whose face value and intrinsic value are equal, is called |
- A. Token money
- B. Standard money
- C. Paper money
- D. Credit money
|
| 5 |
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is |
- A. Doubled
- B. One halved
- C. Less than one halved
- D. Not influenced
|
| 6 |
The purchasing power of money is called |
- A. value of money
- B. Medium of exhange
- C. quantity of money
- D. credit money
|
| 7 |
One of the following is not monetary measure to control inflation |
- A. Increase in bank rate
- B. Open market operation
- C. Increase in ratio of reserve capital
- D. To create constant situation
|
| 8 |
All Pakistani coins are |
- A. Token money
- B. Standard money
- C. Convertible money
- D. Inconvertible money
|
| 9 |
Which kind of budget is better during the situation of deflation |
- A. Deficit budget
- B. Surplus budget
- C. Balanced budget
- D. National budget
|
| 10 |
"Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist |
- A. Prof Marshall
- B. Prof Walker
- C. Prof Keynes
- D. Prof Crowther
|
