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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
The money whose face value is greater than its intrinsic value, is called
Question # 2
One of the following is not fiscal measure to control inflation
Question # 3
One rupee note in paper money is
Question # 4
Inflation is useful for
Question # 5
Quantity theory of money in the form of an equation was presented by
Question # 6
Unit of account money in Pakistan is
Question # 7
Which kind of budget is better during the situation of inflation
Question # 8
Which kind of budget is better during the situation of deflation
Question # 9
If face value is equal to the metal value of a coin, it is called as
Question # 10
The coins whose current price is greater than their intrinsic value, are called
Question # 11
One of the following is not the method to control deflation
Question # 12
The money whose face value and intrinsic value are equal, is called
Question # 13
Production of an additional unit of factor refers to:
Question # 14
One of the following is not the monetary measure to control inflation
Question # 15
MRP curve of a factor represents:
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 Muhammad Hammad Shekhani 28 - Jun - 2021 10 Min 43 Sec 13/15 -
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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 | 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
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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 is money |
A. Coins of gold and silver
B. Paper money
C. Agricultural crops
D. Everything which can be used as a medium of exchange
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| 4 | During inflation increase |
A. Exports
B. Savings
C. Consumption
D. Inequality of income
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| 5 | The best definition of money is stated by |
A. Marhsall
B. Crowther
C. Keynes
D. Walker
|
| 6 | Disadvantages of paper money are |
A. Unstable value
B. Possibility of inflation
C. Possibility of wastage
D. All the three
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| 7 | 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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| 8 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
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| 9 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
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| 10 | According to quantity theory of money doubling the quantity of money, prices |
A. Increase
B. Double
C. Decrease
D. One half
|
Test Questions
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