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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
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 2
Other tern used for demand for factor is:
Question # 3
Unit of account money in Pakistan is
Question # 4
The money whose face value is greater than its intrinsic value, is called
Question # 5
The paper notes which can not be converted in gold, silver, or foreign exchange, are called
Question # 6
Which kind of budget is better during the situation of inflation
Question # 7
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 8
Kinds of credit money are
Question # 9
Prices during the situation of inflation
Question # 10
"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"
"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
Question # 11
The main cause of using the Cheque as money is
Question # 12
MRP curve of a factor represents:
Question # 13
There exists a relationship between inflation and deflation
Question # 14
All Pakistani coins are
Question # 15
One of the following is not 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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | ______ is not considered perfect money |
A. Note of ten rupees
B. Note of hundred rupees
C. Piece of silver
D. Note of one thousand rupees
|
| 2 | One of the following is not advantage of paper money |
A. Saving of metals
B. Saving of coinage
C. Easy transferability
D. Perfectly inelastic supply
|
| 3 | The main cause of using the Cheque as money is |
A. They are proved as receipt
B. Most of the people accept them
C. Protection of money
D. Easy in transportation
|
| 4 | The best definition of money is stated by |
A. Marhsall
B. Crowther
C. Keynes
D. Walker
|
| 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 | The money whose face value and intrinsic value are equal, is called |
A. Token money
B. Standard money
C. Paper money
D. Credit money
|
| 7 | One of the following is not the fiscal measure to control inflation |
A. Decrease in public expenditures
B. Increase in the value of money
C. Increase in taxes
D. Encouragement of saving
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| 8 | The money whose face value is greater than its intrinsic value, is called |
A. Standard metallic money
B. Paper money
C. Token money
D. Near money
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| 9 |
Inconvertible paper money is issued by
|
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 10 | Quantity theory of money was criticised by |
A. Prof. Keynes
B. Prof Marshall
C. Prof Pigou
D. i and ii both
|
Test Questions