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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
One of the following is not monetary measure to control inflation
Question # 2
Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist
Question # 3
kinds of money are
Question # 4
Which is considered as a transfer payment
Question # 5
Exchange of goods with goods is called
Question # 6
MRP curve of a factor represents:
Question # 7
Inconvertible paper money is issued by
Question # 8
Prices during the situation of inflation
Question # 9
If face value is equal to the metal value of a coin, it is called as
Question # 10
When there is deflation, then prices
Question # 11
When demand for goods and services rises, then velocity of circulation of money
Question # 12
Unit of account money in Pakistan is
Question # 13
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 # 14
Quantity theory of money was criticised by
Question # 15
One of the following is not the monetary measure to control 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.
Top Scorers Of Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test" MCQ`s Test
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M Minahil Asif 07 - Jun - 2024 01 Min 21 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 | 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
|
| 2 | 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
|
| 3 | Functions of money are |
A. Medium of exchange
B. Common measure of value
C. Store of value
D. All the three
|
| 4 | Other tern used for demand for factor is: |
A. Initial demand
B. derived demand
C. Direct demand
D. Cross demand
|
| 5 | According to quantity theory of money one halving the quantity of money prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 6 | The money whose face value is greater than its intrinsic value, is called |
A. Standard metallic money
B. Paper money
C. Token money
D. Near money
|
| 7 | Notes and coins are legal tender money because |
A. Government keeps gold and silver in their exchange
B. They are issued by the commercial banks
C. They are issued by the central bank
D. People are bound to accept them
|
| 8 | "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 |
A. Prof Marshall
B. Prof Walker
C. Prof Keynes
D. Prof Crowther
|
| 9 | One of the following is not the monetary measure to control inflation |
A. Increase in bank rate
B. Open market operation
C. Increase in the ratio of reserve capital of the banks
D. Increase in taxes
|
| 10 | By which money business dealing has become easy |
A. Metalic money
B. Paper money
C. Credit money
D. Near money
|
Test Questions
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