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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
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Question # 1
Relationship of value of money with quantity of money is
Question # 2
Which one of the following does not exist during deflation
Question # 3
Production of an additional unit of factor refers to:
Question # 4
MRP curve is slopping:
Question # 5
Prices during the situation of inflation
Question # 6
One of the following is not the characteristic of money
Question # 7
Kinds of credit money are
Question # 8
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 9
Marginal productivity theory was presented by:
Question # 10
The money whose face value is greater than its intrinsic value, is called
Question # 11
Marginal revenue product is the amount of money attained by selling:
Question # 12
It was impossible under barter system
Question # 13
According to quantity theory of money doubling the quantity of money, prices
Question # 14
If we multiply margina product with price we get:
Question # 15
If face value is equal to the metal value of a coin, it is called as
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 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
|
| 2 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 3 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
|
| 4 | According to quantity theory of money one halving the quantity of money prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 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 | 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
|
| 7 | Quantity theory of money in the form of an equation was presented by |
A. Prof Fisher
B. Prof Taussig
C. Prof Marshall
D. Prof Renald
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| 8 | 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
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| 9 | 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
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| 10 | 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
|
Test Questions
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