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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
One of the following is not the monetary measure to control inflation
Question # 2
It was impossible under barter system
Question # 3
One of the following is not the method to control deflation
Question # 4
According to quantity theory of money one halving the quantity of money prices
Question # 5
One of the following is not the assumption of quantity theory of money
Question # 6
Exchange of goods with goods is called
Question # 7
One rupee note in paper money is
Question # 8
Kinds of credit money are
Question # 9
According to quantity theory of money doubling the quantity of money, prices
Question # 10
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 11
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 # 12
Note of 500 rupees is
Question # 13
During inflation prices are
Question # 14
One of the following is not the difficulty of the barter system
Question # 15
Marginal revenue product is the amount of money attained by selling:
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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E Elsa 04 - Mar - 2021 02 Min 26 Sec 11/15 -
S Saba 24 - Jun - 2021 04 Min 34 Sec 11/15 -
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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 | 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
|
| 2 | Marginal productivity theory was presented by: |
A. Pigou and Cannon
B. Adam Smith and F.A. Walker
C. Keynes and Semeulson
D. Marshall and J.B. Clark
|
| 3 | Kinds of credit money are |
A. Verbal promise and written promise
B. Govt. securities & debentures
C. Cheque & Drafts
D. Share of Companies
|
| 4 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
|
| 5 |
"What performs the functions of money, is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
|
| 6 | 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
|
| 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 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 9 | Cheque, bill of exchange etc are |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 10 | The coins whose current price is greater than their intrinsic value, are called |
A. Standard coins
B. Paper money
C. Token money
D. Credit money
|
Test Questions
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