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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 purchasing power of money is called
Question # 2
Production of an additional unit of factor refers to:
Question # 3
"Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist
Question # 4
What is money
Question # 5
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 # 6
Functions of money are
Question # 7
The paper notes which can not be converted in gold, silver, or foreign exchange, are called
Question # 8
Quantity theory of money in the form of an equation was presented by
Question # 9
One of the following is not the assumption of quantity theory of money
Question # 10
The main cause of using the Cheque as money is
Question # 11
The coins whose current price is greater than their intrinsic value, are called
Question # 12
World economic depression accured in
Question # 13
Convertible paper money is issued by
Question # 14
One of the following is not fiscal measure to control inflation
Question # 15
Quantity theory of money was criticised by
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 -
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 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
|
| 2 | Quantity theory of money was criticised by |
A. Prof. Keynes
B. Prof Marshall
C. Prof Pigou
D. i and ii both
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| 3 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
|
| 4 | Quantity theory of money in the form of an equation was presented by |
A. Prof Fisher
B. Prof Taussig
C. Prof Marshall
D. Prof Renald
|
| 5 | The purchasing power of money is called |
A. value of money
B. Medium of exhange
C. quantity of money
D. credit money
|
| 6 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 7 | During inflation increase |
A. Exports
B. Savings
C. Consumption
D. Inequality of income
|
| 8 | When demand for goods and services rises, then velocity of circulation of money |
A. Increases
B. Decreases
C. Remains constant
D. Does not change
|
| 9 |
"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
|
| 10 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
|
Test Questions
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