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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
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Question # 1
MRP curve of a factor represents:
Question # 2
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 3
Relationship of level of prices and quantity of money
Question # 4
Functions of money are
Question # 5
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 6
One of the following is not the monetary measure to control inflation
Question # 7
Value of money means purchasing power of money. If quantity of money is doubled then
Question # 8
The money whose face value and intrinsic value are equal, is called
Question # 9
World economic depression accured in
Question # 10
Inconvertible paper money is issued by
Question # 11
If face value is equal to the metal value of a coin, it is called as
Question # 12
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 13
Inflation is created
Question # 14
"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
Question # 15
Prof Fisher presented quantity theory of money in the form of an equation in
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 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
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| 2 | The money which is not in the form of net cash and is not used at once for business dealing is called |
A. Near money
B. Legal Tender money
C. Credit money
D. Paper money
|
| 3 | 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
|
| 4 | One of the following is not the difficulty of the barter system |
A. Indivisibility of goods
B. Lack of common measure of value
C. Double coincidence of wants
D. Lack of store of value
|
| 5 | Which one of the following was the difficulty of barter system |
A. Abundance of goods
B. Lack of double coincidence of wants
C. Difference of language
D. difference of occupations
|
| 6 | Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist |
A. Prof Taussing
B. Prof Fisher
C. Prof Crowther
D. Prof Marshall
|
| 7 | Disadvantages of paper money are |
A. Unstable value
B. Possibility of inflation
C. Possibility of wastage
D. All the three
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| 8 | The best definition of money is stated by |
A. Marhsall
B. Crowther
C. Keynes
D. Walker
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| 9 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
| 10 | The coins whose current price is greater than their intrinsic value, are called |
A. Standard coins
B. Paper money
C. Token money
D. Credit money
|
Test Questions
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