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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
One of the following is not the difficulty of the barter system
Question # 2
One of the following is not the cause of inflation
Question # 3
Inconvertible paper money is issued by
Question # 4
Net National product is equal to
Question # 5
One of the following is not the monetary measure to control inflation
Question # 6
______ is not considered perfect money
Question # 7
Relationship of value of money with quantity of money is
Question # 8
What is money
Question # 9
The money in which payment can be made only to certain extent is called
Question # 10
During inflation prices are
Question # 11
Functions of money are
Question # 12
The money whose face value and intrinsic value are different
Question # 13
Cheque, bill of exchange etc are
Question # 14
The money whose face value is greater than its intrinsic value, is called
Question # 15
Which kind of budget is better during the situation of inflation
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 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 33 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 -
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A Aiman 12 - May - 2018 07 Min 46 Sec 11/15 -
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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 | 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
|
| 2 | One of the following is not the cause of inflation |
A. Increase in quantity of money
B. Increase in demand for goods
C. Increase in supply of goods
D. Increase in cost of production
|
| 3 | "Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist |
A. Prof Marshall
B. Prof Walker
C. Prof Keynes
D. Prof Crowther
|
| 4 | 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
|
| 5 | Prof Fisher presented quantity theory of money in the form of an equation in |
A. 1905
B. 1911
C. 1915
D. 1917
|
| 6 | Quantity theory of money in the form of an equation was presented by |
A. Prof Fisher
B. Prof Taussig
C. Prof Marshall
D. Prof Renald
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| 7 | Convertible paper money is issued by |
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 8 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
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| 9 | One of the following is not the difficulty of the barter system |
A. Indivisibility of goods
B. Lack of common measure of value
C. Double coincidence of wants
D. Lack of store of value
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| 10 | During inflation prices are |
A. Zero
B. Low
C. Increase
D. Constant
|
Test Questions
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