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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
What is money
Question # 2
One of the following is not fiscal measure to control inflation
Question # 3
Marginal productivity theory was presented by:
Question # 4
Basic characteristics of good money are
Question # 5
World economic depression accured in
Question # 6
Prices during the situation of inflation
Question # 7
Which one of the following does not exist during deflation
Question # 8
Quantity theory of money failed during world economic depression
Question # 9
Production of an additional unit of factor refers to:
Question # 10
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 11
Relationship of level of prices and quantity of money
Question # 12
Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the
Question # 13
Which kind of budget is better during the situation of inflation
Question # 14
Convertible paper money is issued by
Question # 15
kinds of money are
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 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 33 Sec 15/15 -
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 | ______ is not considered perfect money |
A. Note of ten rupees
B. Note of hundred rupees
C. Piece of silver
D. Note of one thousand rupees
|
| 2 | 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
|
| 3 | One of the following is not fiscal measure to control inflation |
A. Decrease in public expenditures
B. Increase in taxes
C. Encouragement of savings
D. Increase in investment
|
| 4 |
"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
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
|
| 8 | Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist |
A. Prof Taussing
B. Prof Fisher
C. Prof Crowther
D. Prof Marshall
|
| 9 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 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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