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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
Other tern used for demand for factor is:
Question # 2
Marginal revenue product is the amount of money attained by selling:
Question # 3
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 4
The money in which payment can be made only to certain extent is called
Question # 5
MRP curve is slopping:
Question # 6
Inflation is useful for
Question # 7
Production of an additional unit of factor refers to:
Question # 8
Note of 500 rupees is
Question # 9
Which kind of budget is better during the situation of deflation
Question # 10
During inflation prices are
Question # 11
Inflation is created
Question # 12
Quantity theory of money failed during world economic depression
Question # 13
Which money is not legally backed
Question # 14
Inconvertible paper money is issued by
Question # 15
The money whose face value and intrinsic value are different
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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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 | Kinds of credit money are |
A. Verbal promise and written promise
B. Govt. securities & debentures
C. Cheque & Drafts
D. Share of Companies
|
| 2 |
"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
|
| 3 | By which money business dealing has become easy |
A. Metalic money
B. Paper money
C. Credit money
D. Near money
|
| 4 | 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
|
| 5 | According to quantity theory of money doubling the quantity of money, prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 6 | 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
|
| 7 | Functions of money are |
A. Medium of exchange
B. Common measure of value
C. Store of value
D. All the three
|
| 8 | Value of money means purchasing power of money. If quantity of money is doubled then |
A. Purchasing power of money will be one halved
B. Purchasing power of money will be doubled
C. Purchasing power of money will be tripled
D. There will be no effect on the purchasing power of money
|
| 9 | When demand for goods and services rises, then velocity of circulation of money |
A. Increases
B. Decreases
C. Remains constant
D. Does not change
|
| 10 | "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 |
A. Prof Marshall
B. Prof Walker
C. Prof Keynes
D. Prof Crowther
|
Test Questions
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