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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
Cheque, bill of exchange etc are
Question # 3
Which one of the following was the difficulty of barter system
Question # 4
Net National product is equal to
Question # 5
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
This definition of money is stated by
Question # 6
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 7
Inflation will be useful for
Question # 8
Other tern used for demand for factor is:
Question # 9
One of the following is not advantage of paper money
Question # 10
Production of an additional unit of factor refers to:
Question # 11
All Pakistani coins are
Question # 12
Prices during the situation of inflation
Question # 13
Which kind of budget is better during the situation of deflation
Question # 14
One of the following is not the difficulty of the barter system
Question # 15
What is 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 -
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A Aliya hassan 05 - Dec - 2020 03 Min 01 Sec 15/15 -
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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 | 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
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| 2 | 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
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| 3 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
|
| 4 | Note of 500 rupees is |
A. token money
B. credit money
C. convertible paper money
D. inconvertible paper money
|
| 5 | Prof Fisher presented quantity theory of money in the form of an equation in |
A. 1905
B. 1911
C. 1915
D. 1917
|
| 6 | Other tern used for demand for factor is: |
A. Initial demand
B. derived demand
C. Direct demand
D. Cross demand
|
| 7 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
|
| 8 | Relationship of level of prices and quantity of money |
A. Positive
B. Negative
C. Indirect
D. 2nd and 3rd both
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| 9 | Cheque, bill of exchange etc are |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 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
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