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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
Kinds of credit money are
Question # 2
The main cause of using the Cheque as money is
Question # 3
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 4
Disadvantages of paper money are
Question # 5
One of the following is not monetary measure to control inflation
Question # 6
One rupee note in paper money is
Question # 7
There exists a relationship between inflation and deflation
Question # 8
The best definition of money is stated by
Question # 9
The coins whose current price is greater than their intrinsic value, are called
Question # 10
"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 # 11
Basic characteristics of good money are
Question # 12
What effects are expected on the purchasing power of money during deflation
Question # 13
MRP curve of a factor represents:
Question # 14
If we multiply margina product with price we get:
Question # 15
According to quantity theory of money doubling the quantity of money, prices
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 -
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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 -
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 | 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
|
| 2 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
|
| 3 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
|
| 4 | Kinds of credit money are |
A. Verbal promise and written promise
B. Govt. securities & debentures
C. Cheque & Drafts
D. Share of Companies
|
| 5 | 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
|
| 6 | 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
|
| 7 | 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
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| 8 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
|
| 9 | 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
|
| 10 | MRP curve is slopping: |
A. Negative
B. Positive
C. Downward
D. Both a and c
|
Test Questions
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