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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
Production of an additional unit of factor refers to:
Question # 2
Marginal productivity theory was presented by:
Question # 3
Inflation will be useful for
Question # 4
Which economist said that the term demand for money should be used instead of circulation of money
Question # 5
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 6
Inflation is useful for
Question # 7
Note of 500 rupees is
Question # 8
One of the following is not the method to control deflation
Question # 9
The money in which payment can be made only to certain extent is called
Question # 10
The paper notes which can not be converted in gold, silver, or foreign exchange, are called
Question # 11
Relationship of value of money with quantity of money is
Question # 12
Cheque, bill of exchange etc are
Question # 13
According to quantity theory of money doubling the quantity of money, prices
Question # 14
World economic depression accured in
Question # 15
When demand for goods and services rises, then velocity of circulation of money
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 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 kind of budget is better during the situation of inflation |
A. Deficit budget
B. Surplus budget
C. Balanced budget
D. Domestic budget
|
| 2 | 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
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| 3 | The money whose face value and intrinsic value are equal, is called |
A. Token money
B. Standard money
C. Paper money
D. Credit money
|
| 4 | Which is considered as a transfer payment |
A. wages
B. salaries
C. prices
D. unemployment allowances
|
| 5 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
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| 6 |
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
|
| 7 | Which kind of budget is better during the situation of deflation |
A. Deficit budget
B. Surplus budget
C. Balanced budget
D. National budget
|
| 8 | 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
|
| 9 | Production of an additional unit of factor refers to: |
A. AP
B. TP
C. MP
D. MR
|
| 10 | 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
|
Test Questions
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