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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
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 2
Inflation is useful for
Question # 3
World economic depression accured in
Question # 4
During inflation increase
Question # 5
"Purchasing power of money is inverse of level of prices. So study of purchasing power of money is identical with the study of level of prices." These are the words of
Question # 6
One of the following is not monetary measure to control inflation
Question # 7
Net National product is equal to
Question # 8
When there is deflation, then prices
Question # 9
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
Question # 10
The purchasing power of money is called
Question # 11
Convertible paper money is issued by
Question # 12
Which money is not legally backed
Question # 13
The main cause of using the Cheque as money is
Question # 14
One of the following is not the characteristic of money
Question # 15
One of the following is not the cause of inflation
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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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 | According to quantity theory of money doubling the quantity of money, prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 2 | 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
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| 3 | 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
|
| 4 | 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
|
| 5 | The purchasing power of money is called |
A. value of money
B. Medium of exhange
C. quantity of money
D. credit money
|
| 6 | "Purchasing power of money is inverse of level of prices. So study of purchasing power of money is identical with the study of level of prices." These are the words of |
A. Prof Irving Fisher
B. Prof Crowther
C. Prof Pigou
D. Prof Keynes
|
| 7 | One rupee note in paper money is |
A. Inconvertible paper money
B. Convertible paper money
C. Limited legal tender money
D. Unlimited legal tender money
|
| 8 | One of the following is not advantage of paper money |
A. Saving of metals
B. Saving of coinage
C. Easy transferability
D. Perfectly inelastic supply
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| 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
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| 10 | The unit of money by which the value of goods and services is expressed is called |
A. Paper money
B. Money of account
C. Legal tender money
D. Near money
|
Test Questions
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