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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 is money
Question # 2
All Pakistani coins are
Question # 3
One of the following is not fiscal measure to control inflation
Question # 4
Value of money means purchasing power of money. If quantity of money is doubled then
Question # 5
Functions of money are
Question # 6
Other tern used for demand for factor is:
Question # 7
One of the following is not monetary measure to control inflation
Question # 8
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 9
If we multiply margina product with price we get:
Question # 10
Which kind of budget is better during the situation of deflation
Question # 11
"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 # 12
MRP curve of a factor represents:
Question # 13
If face value is equal to the metal value of a coin, it is called as
Question # 14
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 15
Which one of the following does not exist during deflation
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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Z Zafar Ali 30 - May - 2024 00 Min 11 Sec 11/15 -
E Elsa 04 - Mar - 2021 02 Min 26 Sec 11/15 -
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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 | Which one of the following was the difficulty of barter system |
A. Abundance of goods
B. Lack of double coincidence of wants
C. Difference of language
D. difference of occupations
|
| 2 | According to quantity theory of money one halving the quantity of money prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 3 | The money which is not in the form of net cash and is not used at once for business dealing is called |
A. Near money
B. Legal Tender money
C. Credit money
D. Paper money
|
| 4 | Note of 500 rupees is |
A. token money
B. credit money
C. convertible paper money
D. inconvertible paper money
|
| 5 | One of the following is not the assumption of quantity theory of money |
A. Velocity of circulation of legal money should not change
B. Velocity of Circulation of credit money should not change
C. Quantity of hoardings should not change
D. Quantity of goods and services should go on changing
|
| 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 | The main cause of using the Cheque as money is |
A. They are proved as receipt
B. Most of the people accept them
C. Protection of money
D. Easy in transportation
|
| 8 | 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
|
| 9 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 10 | 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
|
Test Questions
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