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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
Which one of the following was the difficulty of barter system
Question # 2
Marginal revenue product is the amount of money attained by selling:
Question # 3
By which money business dealing has become easy
Question # 4
Which money is not legally backed
Question # 5
Basic characteristics of good money are
Question # 6
One of the following is not monetary measure to control inflation
Question # 7
Disadvantages of paper money are
Question # 8
According to quantity theory of money one halving the quantity of money prices
Question # 9
The coins whose current price is greater than their intrinsic value, are called
Question # 10
There exists a relationship between inflation and deflation
Question # 11
"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 # 12
One of the following is not the cause of deflation
Question # 13
If face value is equal to the metal value of a coin, it is called as
Question # 14
The money whose face value is greater than its intrinsic value, is called
Question # 15
Inflation is useful for
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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A Arzoo Qaiser 30 - Jan - 2026 03 Min 01 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | "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
|
| 2 | MRP curve of a factor represents: |
A. Demand of factors
B. Supply of factors
C. Price of factors
D. Both a and c
|
| 3 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 4 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 5 | 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
|
| 6 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
| 7 | One rupee note in paper money is |
A. Inconvertible paper money
B. Convertible paper money
C. Limited legal tender money
D. Unlimited legal tender money
|
| 8 | Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the |
A. Prof Marshall
B. Stanlay Fisher
C. Culberon
D. Walker
|
| 9 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
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| 10 | One of the following is not the cause of deflation |
A. Decrease in demand for goods
B. Decrease in consumption
C. Increase in quantity of money
D. Increase in supply of goods
|
Test Questions
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