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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
00:00
Question # 1
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 2
One of the following is not the assumption of quantity theory of money
Question # 3
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
Question # 4
When there is deflation, then prices
Question # 5
Inflation will be useful for
Question # 6
One of the following is not the characteristic of money
Question # 7
Convertible paper money is issued by
Question # 8
kinds of money are
Question # 9
MRP curve of a factor represents:
Question # 10
The money in which payment can be made only to certain extent is called
Question # 11
The paper notes which can not be converted in gold, silver, or foreign exchange, are called
Question # 12
According to quantity theory of money one halving the quantity of money prices
Question # 13
Net National product is equal to
Question # 14
One rupee note in paper money is
Question # 15
"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
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 -
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 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
|
| 2 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
|
| 3 | ______ 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
|
| 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 | MRP curve is slopping: |
A. Negative
B. Positive
C. Downward
D. Both a and c
|
| 6 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 7 | Inflation will be useful for |
A. Labourers
B. Consumers
C. Penioners
D. Industrialist
|
| 8 | The purchasing power of money is called |
A. value of money
B. Medium of exhange
C. quantity of money
D. credit money
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| 9 | Which one of the following does not exist during deflation |
A. Production decreases
B. Value of money increases
C. Supply of goods and services increases from their demand
D. Level of employment increases
|
| 10 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
Test Questions