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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 coins whose current price is greater than their intrinsic value, are called
Question # 2
One of the following is not the assumption of quantity theory of money
Question # 3
What effects are expected on the purchasing power of money during deflation
Question # 4
Notes and coins are legal tender money because
Question # 5
When demand for goods and services rises, then velocity of circulation of money
Question # 6
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 7
Basic characteristics of good money are
Question # 8
One of the following is not the characteristic of money
Question # 9
Which is considered as a transfer payment
Question # 10
According to quantity theory of money one halving the quantity of money prices
Question # 11
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 12
There exists a relationship between inflation and deflation
Question # 13
During inflation prices are
Question # 14
World economic depression accured in
Question # 15
Quantity theory of money in the form of an equation was presented 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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
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| 2 | The paper notes which can not be converted in gold, silver, or foreign exchange, are called |
A. Standard money
B. Convertible paper money
C. Inconvertible paper money
D. Legal tender money
|
| 3 | One of the following is not the cause of inflation |
A. Increase in quantity of money
B. Increase in demand for goods
C. Increase in supply of goods
D. Increase in cost of production
|
| 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 | This paper notes which can be converted into gold, silver or foreign exchange are called |
A. Standard money
B. Unlimited legal tender money
C. Convertible paper money
D. Inconvertible paper money
|
| 6 | 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
|
| 7 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
|
| 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 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
|
| 10 | Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called |
A. Token money
B. Money of account
C. Standard money
D. Near money
|
Test Questions
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