Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
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"
-
Total Questions15
-
Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test
00:00
Question # 1
The money in which payment can be made only to certain extent is called
Question # 2
Note of 500 rupees is
Question # 3
The money whose face value and intrinsic value are different
Question # 4
One of the following is not the fiscal measure to control inflation
Question # 5
Marginal revenue product is the amount of money attained by selling:
Question # 6
Quantity theory of money was criticised by
Question # 7
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 8
MRP curve is slopping:
Question # 9
One of the following is not the monetary measure to control inflation
Question # 10
One of the following is not fiscal measure to control inflation
Question # 11
According to quantity theory of money one halving the quantity of money prices
Question # 12
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 # 13
"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 # 14
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 15
Quantity theory of money failed during world economic depression
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
-
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 one of the following does not exist during deflation |
A. Production decreases
B. Value of money increases
C. Supply of goods and services increases from their demand
D. Level of employment increases
|
| 2 | 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
|
| 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 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 5 |
Inconvertible paper money is issued by
|
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 6 | Which economist said that the term demand for money should be used instead of circulation of money |
A. Prof Keynes
B. Prof Marshall
C. Prof Crowther
D. Prof Fisher
|
| 7 | 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
|
| 8 | By which money business dealing has become easy |
A. Metalic money
B. Paper money
C. Credit money
D. Near money
|
| 9 | "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
|
| 10 | Cheque, bill of exchange etc are |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
Test Questions
