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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
According to quantity theory of money one halving the quantity of money prices
Question # 2
"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 # 3
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 # 4
Functions of money are
Question # 5
One of the following is not fiscal measure to control inflation
Question # 6
Which money is not legally backed
Question # 7
During inflation prices are
Question # 8
The money whose face value and intrinsic value are different
Question # 9
Note of 500 rupees is
Question # 10
Inflation is created
Question # 11
If we multiply margina product with price we get:
Question # 12
One of the following is not the difficulty of the barter system
Question # 13
What effects are expected on the purchasing power of money during deflation
Question # 14
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 15
Relationship of level of prices and quantity of money
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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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 -
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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 | Net National product is equal to |
A. GNP + Depreciation expenditure
B. GDP + Depreciation expenditure
C. GNP - Depreciation expenditure
D. GDP - Depreciation expenditure
|
| 2 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
|
| 3 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
|
| 4 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
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| 5 | 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
|
| 6 | Prices during the situation of inflation |
A. Increase
B. Decrease
C. Do not change
D. Become zero
|
| 7 | Functions of money are |
A. Medium of exchange
B. Common measure of value
C. Store of value
D. All the three
|
| 8 | The unit of money by which the value of goods and services is expressed is called |
A. Paper money
B. Money of account
C. Legal tender money
D. Near money
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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 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
Test Questions
