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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 effects are expected on the purchasing power of money during deflation
Question # 2
Note of 500 rupees is
Question # 3
Which one of the following was the difficulty of barter system
Question # 4
Which kind of budget is better during the situation of inflation
Question # 5
"Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist
Question # 6
Value of money means purchasing power of money. If quantity of money is doubled then
Question # 7
One of the following is not the cause of deflation
Question # 8
During inflation prices are
Question # 9
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 10
One rupee note in paper money is
Question # 11
Which is considered as a transfer payment
Question # 12
Quantity theory of money was criticised by
Question # 13
Which kind of budget is better during the situation of deflation
Question # 14
The coins whose current price is greater than their intrinsic value, are called
Question # 15
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
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 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | One of the following is not the difficulty of the barter system |
A. Indivisibility of goods
B. Lack of common measure of value
C. Double coincidence of wants
D. Lack of store of value
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| 2 | Relationship of level of prices and quantity of money |
A. Positive
B. Negative
C. Indirect
D. 2nd and 3rd both
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| 3 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 4 | During inflation prices are |
A. Zero
B. Low
C. Increase
D. Constant
|
| 5 | One of the following is not the method to control deflation |
A. Decrease in public expenditures
B. Decrease in interest rate
C. Decrease in income tax
D. increase in exports
|
| 6 | Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called |
A. Token money
B. Money of account
C. Standard money
D. Near money
|
| 7 | Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the |
A. Prof Marshall
B. Stanlay Fisher
C. Culberon
D. Walker
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| 8 | One of the following is not the cause of deflation |
A. Decrease in demand for goods
B. Decrease in consumption
C. Increase in quantity of money
D. Increase in supply of goods
|
| 9 | It was impossible under barter system |
A. Lack of coincidence of wants
B. Lack of common measure of value
C. Divisibility of some goods in small parts
D. Solution of all the said problems
|
| 10 | Prices during the situation of inflation |
A. Increase
B. Decrease
C. Do not change
D. Become zero
|
Test Questions
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