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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
Inconvertible paper money is issued by
Question # 2
The money whose face value is greater than its intrinsic value, is called
Question # 3
One of the following is not the difficulty of the barter system
Question # 4
Which one of the following was the difficulty of barter system
Question # 5
kinds of money are
Question # 6
One of the following is not the cause of inflation
Question # 7
One of the following is not monetary measure to control inflation
Question # 8
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 # 9
Net National product is equal to
Question # 10
The purchasing power of money is called
Question # 11
It was impossible under barter system
Question # 12
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 13
Other tern used for demand for factor is:
Question # 14
The coins whose current price is greater than their intrinsic value, are called
Question # 15
There exists a relationship between inflation and deflation
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 | Other tern used for demand for factor is: |
A. Initial demand
B. derived demand
C. Direct demand
D. Cross demand
|
| 2 | Prof Fisher presented quantity theory of money in the form of an equation in |
A. 1905
B. 1911
C. 1915
D. 1917
|
| 3 | 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
|
| 4 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
|
| 5 | 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
|
| 6 | The best definition of money is stated by |
A. Marhsall
B. Crowther
C. Keynes
D. Walker
|
| 7 | "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 |
A. Prof Irving Fisher
B. Prof Crowther
C. Prof Pigou
D. Prof Keynes
|
| 8 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
|
| 9 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 10 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
|
Test Questions
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