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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
Notes and coins are legal tender money because
Question # 2
Relationship of value of money with quantity of money is
Question # 3
Disadvantages of paper money are
Question # 4
One of the following is not advantage of paper money
Question # 5
Quantity theory of money was criticised by
Question # 6
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 7
The main cause of using the Cheque as money is
Question # 8
Convertible paper money is issued by
Question # 9
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 10
If face value is equal to the metal value of a coin, it is called as
Question # 11
By which money business dealing has become easy
Question # 12
Exchange of goods with goods is called
Question # 13
One of the following is not the assumption of quantity theory of money
Question # 14
Which is considered as a transfer payment
Question # 15
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
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 Minahil Asif 07 - Jun - 2024 01 Min 21 Sec 15/15 -
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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 -
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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 -
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 | MRP curve of a factor represents: |
A. Demand of factors
B. Supply of factors
C. Price of factors
D. Both a and c
|
| 2 | Which one of the following was the difficulty of barter system |
A. Abundance of goods
B. Lack of double coincidence of wants
C. Difference of language
D. difference of occupations
|
| 3 | One of the following is not the fiscal measure to control inflation |
A. Decrease in public expenditures
B. Increase in the value of money
C. Increase in taxes
D. Encouragement of saving
|
| 4 | Net National product is equal to |
A. GNP + Depreciation expenditure
B. GDP + Depreciation expenditure
C. GNP - Depreciation expenditure
D. GDP - Depreciation expenditure
|
| 5 | 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
|
| 6 | The money which is not in the form of net cash and is not used at once for business dealing is called |
A. Near money
B. Legal Tender money
C. Credit money
D. Paper money
|
| 7 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 8 | During inflation prices are |
A. Zero
B. Low
C. Increase
D. Constant
|
| 9 |
Inconvertible paper money is issued by
|
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 10 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
Test Questions