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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
Quantity theory of money failed during world economic depression
Question # 2
Disadvantages of paper money are
Question # 3
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 4
Which economist said that the term demand for money should be used instead of circulation of money
Question # 5
The paper notes which can not be converted in gold, silver, or foreign exchange, are called
Question # 6
If face value is equal to the metal value of a coin, it is called as
Question # 7
During inflation increase
Question # 8
One rupee note in paper money is
Question # 9
One of the following is not the method to control deflation
Question # 10
MRP curve of a factor represents:
Question # 11
One of the following is not advantage of paper money
Question # 12
According to quantity theory of money doubling the quantity of money, prices
Question # 13
All Pakistani coins are
Question # 14
One of the following is not the fiscal measure to control inflation
Question # 15
If we multiply margina product with price we get:
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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M Minahil Asif 07 - Jun - 2024 01 Min 21 Sec 15/15 -
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M Manan Malik 12 - Jan - 2022 02 Min 07 Sec 10/15 -
A Arzoo Qaiser 30 - Jan - 2026 03 Min 01 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | By which money business dealing has become easy |
A. Metalic money
B. Paper money
C. Credit money
D. Near money
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| 2 | 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
|
| 3 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
|
| 4 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
| 5 | Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist |
A. Prof Taussing
B. Prof Fisher
C. Prof Crowther
D. Prof Marshall
|
| 6 | 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
|
| 7 | The coins whose current price is greater than their intrinsic value, are called |
A. Standard coins
B. Paper money
C. Token money
D. Credit money
|
| 8 | 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
|
| 9 | According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is |
A. Doubled
B. One halved
C. Less than one halved
D. Not influenced
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| 10 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
|
Test Questions
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