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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
Which economist said that the term demand for money should be used instead of circulation of money
Question # 2
What effects are expected on the purchasing power of money during deflation
Question # 3
One of the following is not the characteristic of money
Question # 4
Value of money means purchasing power of money. If quantity of money is doubled then
Question # 5
One of the following is not the fiscal measure to control inflation
Question # 6
Inconvertible paper money is issued by
Question # 7
The purchasing power of money is called
Question # 8
Quantity theory of money in the form of an equation was presented by
Question # 9
By which money business dealing has become easy
Question # 10
All Pakistani coins are
Question # 11
MRP curve is slopping:
Question # 12
Which kind of budget is better during the situation of inflation
Question # 13
One of the following is not the assumption of quantity theory of money
Question # 14
When demand for goods and services rises, then velocity of circulation of money
Question # 15
World economic depression accured in
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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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which is considered as a transfer payment |
A. wages
B. salaries
C. prices
D. unemployment allowances
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| 2 | MRP curve is slopping: |
A. Negative
B. Positive
C. Downward
D. Both a and c
|
| 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 | 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
|
| 5 | One of the following is not the assumption of quantity theory of money |
A. Velocity of circulation of legal money should not change
B. Velocity of Circulation of credit money should not change
C. Quantity of hoardings should not change
D. Quantity of goods and services should go on changing
|
| 6 |
"What performs the functions of money, is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
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| 7 | According to quantity theory of money one halving the quantity of money prices |
A. Increase
B. Double
C. Decrease
D. One half
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| 8 | 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
|
| 9 | Relationship of level of prices and quantity of money |
A. Positive
B. Negative
C. Indirect
D. 2nd and 3rd both
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| 10 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
Test Questions
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