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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
MRP curve is slopping:
Question # 2
Unit of account money in Pakistan is
Question # 3
Prices during the situation of inflation
Question # 4
Inflation is useful for
Question # 5
Functions of money are
Question # 6
Quantity theory of money failed during world economic depression
Question # 7
Marginal productivity theory was presented by:
Question # 8
When there is deflation, then prices
Question # 9
One of the following is not the assumption of quantity theory of money
Question # 10
Other tern used for demand for factor is:
Question # 11
Inflation is created
Question # 12
Which one of the following was the difficulty of barter system
Question # 13
If face value is equal to the metal value of a coin, it is called as
Question # 14
All Pakistani coins are
Question # 15
Which kind of budget is better during the situation 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.
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ICom Part 1 Class Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Convertible paper money is issued by |
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 2 |
Inconvertible paper money is issued by
|
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 3 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 4 | One of the following is not monetary measure to control inflation |
A. Increase in bank rate
B. Open market operation
C. Increase in ratio of reserve capital
D. To create constant situation
|
| 5 | 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
|
| 6 | This paper notes which can be converted into gold, silver or foreign exchange are called |
A. Standard money
B. Unlimited legal tender money
C. Convertible paper money
D. Inconvertible paper money
|
| 7 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 8 |
"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 |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
|
| 9 | 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
|
| 10 | 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
|
Test Questions
