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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
Which economist said that the term demand for money should be used instead of circulation of money
Question # 2
One of the following is not the method to control deflation
Question # 3
When demand for goods and services rises, then velocity of circulation of money
Question # 4
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 5
Unit of account money in Pakistan is
Question # 6
One of the following is not the difficulty of the barter system
Question # 7
The money whose face value and intrinsic value are different
Question # 8
The money whose face value and intrinsic value are equal, is called
Question # 9
If face value is equal to the metal value of a coin, it is called as
Question # 10
Inflation is useful for
Question # 11
The purchasing power of money is called
Question # 12
One of the following is not the fiscal measure to control inflation
Question # 13
It was impossible under barter system
Question # 14
World economic depression accured in
Question # 15
Disadvantages of paper 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
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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 -
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Z Zafar Ali 30 - May - 2024 00 Min 11 Sec 11/15 -
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M Muhammad Abrar 25 - Dec - 2020 03 Min 28 Sec 10/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 |
"What performs the functions of money, is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
|
| 2 | Prices during the situation of inflation |
A. Increase
B. Decrease
C. Do not change
D. Become zero
|
| 3 | Net National product is equal to |
A. GNP + Depreciation expenditure
B. GDP + Depreciation expenditure
C. GNP - Depreciation expenditure
D. GDP - Depreciation expenditure
|
| 4 | One of the following is not the monetary measure to control inflation |
A. Increase in bank rate
B. Open market operation
C. Increase in the ratio of reserve capital of the banks
D. Increase in taxes
|
| 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 | 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 | What is money |
A. Coins of gold and silver
B. Paper money
C. Agricultural crops
D. Everything which can be used as a medium of exchange
|
| 8 | Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called |
A. Token money
B. Money of account
C. Standard money
D. Near money
|
| 9 | 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
|
| 10 | 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
|
Test Questions
