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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
The unit of money by which the value of goods and services is expressed is called
Question # 2
One rupee note in paper money is
Question # 3
During inflation increase
Question # 4
The money whose face value and intrinsic value are equal, is called
Question # 5
If face value is equal to the metal value of a coin, it is called as
Question # 6
One of the following is not the fiscal measure to control inflation
Question # 7
The purchasing power of money is called
Question # 8
______ is not considered perfect money
Question # 9
Which is considered as a transfer payment
Question # 10
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 11
World economic depression accured in
Question # 12
One of the following is not the cause of inflation
Question # 13
One of the following is not the assumption of quantity theory of money
Question # 14
During inflation prices are
Question # 15
The money whose face value is greater than its intrinsic value, is called
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 -
A Aliya hassan 05 - Dec - 2020 03 Min 01 Sec 15/15 -
T Taha 06 - Aug - 2021 03 Min 28 Sec 15/15 -
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 | Which one of the following does not exist during deflation |
A. Production decreases
B. Value of money increases
C. Supply of goods and services increases from their demand
D. Level of employment increases
|
| 2 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
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| 3 | By which money business dealing has become easy |
A. Metalic money
B. Paper money
C. Credit money
D. Near money
|
| 4 | Cheque, bill of exchange etc are |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 5 | "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 |
A. Prof Irving Fisher
B. Prof Crowther
C. Prof Pigou
D. Prof Keynes
|
| 6 | Which kind of budget is better during the situation of deflation |
A. Deficit budget
B. Surplus budget
C. Balanced budget
D. National budget
|
| 7 | The unit of money by which the value of goods and services is expressed is called |
A. Paper money
B. Money of account
C. Legal tender money
D. Near money
|
| 8 | 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
|
| 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 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
Test Questions
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