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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
It was impossible under barter system
Question # 2
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 3
Inflation is created
Question # 4
The money whose face value is greater than its intrinsic value, is called
Question # 5
Disadvantages of paper money are
Question # 6
One of the following is not fiscal measure to control inflation
Question # 7
The unit of money by which the value of goods and services is expressed is called
Question # 8
Unit of account money in Pakistan is
Question # 9
Net National product is equal to
Question # 10
Quantity theory of money in the form of an equation was presented by
Question # 11
The purchasing power of money is called
Question # 12
MRP curve of a factor represents:
Question # 13
Marginal revenue product is the amount of money attained by selling:
Question # 14
MRP curve is slopping:
Question # 15
Prof Fisher presented quantity theory of money in the form of an equation in
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 -
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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 -
A Arzoo Qaiser 30 - Jan - 2026 03 Min 01 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | If face value is equal to the metal value of a coin, it is called as |
A. Paper money
B. Token money
C. Credit money
D. Standard money
|
| 2 | Disadvantages of paper money are |
A. Unstable value
B. Possibility of inflation
C. Possibility of wastage
D. All the three
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| 3 | Inflation is useful for |
A. Labourer
B. Consumers
C. Industrialist
D. Pensioners
|
| 4 | Which is considered as a transfer payment |
A. wages
B. salaries
C. prices
D. unemployment allowances
|
| 5 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 6 | Relationship of level of prices and quantity of money |
A. Positive
B. Negative
C. Indirect
D. 2nd and 3rd both
|
| 7 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
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| 8 | 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
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| 9 | 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
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| 10 | It was impossible under barter system |
A. Lack of coincidence of wants
B. Lack of common measure of value
C. Divisibility of some goods in small parts
D. Solution of all the said problems
|
Test Questions
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