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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
The money whose face value is greater than its intrinsic value, is called
Question # 2
kinds of money are
Question # 3
"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 # 4
Which economist said that the term demand for money should be used instead of circulation of money
Question # 5
Exchange of goods with goods is called
Question # 6
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 # 7
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 8
Cheque, bill of exchange etc are
Question # 9
The main cause of using the Cheque as money is
Question # 10
Quantity theory of money was criticised by
Question # 11
Other tern used for demand for factor is:
Question # 12
MRP curve is slopping:
Question # 13
Note of 500 rupees is
Question # 14
Which one of the following was the difficulty of barter system
Question # 15
The coins whose current price is greater than their intrinsic value, are called
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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 2 | If face value is equal to the metal value of a coin, it is called as |
A. Paper money
B. Token money
C. Credit money
D. Standard money
|
| 3 | Marginal productivity theory was presented by: |
A. Pigou and Cannon
B. Adam Smith and F.A. Walker
C. Keynes and Semeulson
D. Marshall and J.B. Clark
|
| 4 | Inflation will be useful for |
A. Labourers
B. Consumers
C. Penioners
D. Industrialist
|
| 5 | One of the following is not the assumption of quantity theory of money |
A. Velocity of circulation of legal money should not change
B. Velocity of Circulation of credit money should not change
C. Quantity of hoardings should not change
D. Quantity of goods and services should go on changing
|
| 6 | 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
|
| 7 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
|
| 8 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 9 | One of the following is not the cause of inflation |
A. Increase in quantity of money
B. Increase in demand for goods
C. Increase in supply of goods
D. Increase in cost of production
|
| 10 | 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
|
Test Questions
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