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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
One of the following is not the assumption of quantity theory of money
Question # 2
The paper notes which can not be converted in gold, silver, or foreign exchange, are called
Question # 3
The purchasing power of money is called
Question # 4
The coins whose current price is greater than their intrinsic value, are called
Question # 5
The best definition of money is stated by
Question # 6
When there is deflation, then prices
Question # 7
"Purchasing power of money is inverse of level of prices. So study of purchasing power of money is identical with the study of level of prices." These are the words of
Question # 8
One of the following is not the method to control deflation
Question # 9
The money whose face value and intrinsic value are different
Question # 10
All Pakistani coins are
Question # 11
Basic characteristics of good money are
Question # 12
Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist
Question # 13
Production of an additional unit of factor refers to:
Question # 14
Which is considered as a transfer payment
Question # 15
______ is not considered perfect money
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 | Inflation is created |
A. When demand for goods is less than their supply
B. When demand for goods is more than their supply
C. When demand for goods becomes equal to their supply
D. When demand and supply of goods do not change
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| 2 | The money in which payment can be made only to certain extent is called |
A. Unlimited legal tender money
B. Limited legal tender money
C. Metallic money
D. Paper money
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| 3 | 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
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| 4 | 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
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| 5 | It was impossible under barter system |
A. Lack of coincidence of wants
B. Lack of common measure of value
C. Divisibility of some goods in small parts
D. Solution of all the said problems
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| 6 | 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
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| 7 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
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| 8 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
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| 9 | The money whose face value is greater than its intrinsic value, is called |
A. Standard metallic money
B. Paper money
C. Token money
D. Near money
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| 10 | 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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Test Questions
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