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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
According to quantity theory of money doubling the quantity of money, prices
Question # 2
Relationship of value of money with quantity of money is
Question # 3
The unit of money by which the value of goods and services is expressed is called
Question # 4
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 # 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
Question # 6
Marginal revenue product is the amount of money attained by selling:
Question # 7
By which money business dealing has become easy
Question # 8
If face value is equal to the metal value of a coin, it is called as
Question # 9
Unit of account money in Pakistan is
Question # 10
Prices during the situation of inflation
Question # 11
Production of an additional unit of factor refers to:
Question # 12
Inflation is useful for
Question # 13
One of the following is not the difficulty of the barter system
Question # 14
The money whose face value and intrinsic value are different
Question # 15
One of the following is not the monetary measure to control inflation
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 money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
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| 2 | The money which is not in the form of net cash and is not used at once for business dealing is called |
A. Near money
B. Legal Tender money
C. Credit money
D. Paper money
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| 3 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
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| 4 | Marginal productivity theory was presented by: |
A. Pigou and Cannon
B. Adam Smith and F.A. Walker
C. Keynes and Semeulson
D. Marshall and J.B. Clark
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| 5 | 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
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| 6 | The best definition of money is stated by |
A. Marhsall
B. Crowther
C. Keynes
D. Walker
|
| 7 | One of the following is not the difficulty of the barter system |
A. Indivisibility of goods
B. Lack of common measure of value
C. Double coincidence of wants
D. Lack of store of value
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| 8 | Notes and coins are legal tender money because |
A. Government keeps gold and silver in their exchange
B. They are issued by the commercial banks
C. They are issued by the central bank
D. People are bound to accept them
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| 9 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
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| 10 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
|
Test Questions
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