Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
.jpg)
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"
-
Total Questions15
-
Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test
00:00
Question # 1
Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the
Question # 2
One of the following is not the method to control deflation
Question # 3
The coins whose current price is greater than their intrinsic value, are called
Question # 4
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 5
Quantity theory of money was criticised by
Question # 6
Basic characteristics of good money are
Question # 7
What is money
Question # 8
One of the following is not fiscal measure to control inflation
Question # 9
The best definition of money is stated by
Question # 10
Which money is not legally backed
Question # 11
The money whose face value and intrinsic value are different
Question # 12
All Pakistani coins are
Question # 13
MRP curve of a factor represents:
Question # 14
Which economist said that the term demand for money should be used instead of circulation of money
Question # 15
Kinds of credit money are
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
-
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 -
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 | Marginal revenue product is the amount of money attained by selling: |
A. Average product
B. Marginal product
C. Total product
D. Total cost
|
| 2 | Quantity theory of money failed during world economic depression |
A. In 1920
B. In 1925
C. In 1929
D. In 1935
|
| 3 | 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
|
| 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 | 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
|
| 6 | Functions of money are |
A. Medium of exchange
B. Common measure of value
C. Store of value
D. All the three
|
| 7 | One of the following is not fiscal measure to control inflation |
A. Decrease in public expenditures
B. Increase in taxes
C. Encouragement of savings
D. Increase in investment
|
| 8 | Production of an additional unit of factor refers to: |
A. AP
B. TP
C. MP
D. MR
|
| 9 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
|
| 10 | 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
|
Test Questions
Share your comments & questions here
No comments yet. Be the first to comment!