| 1 |
Basic characteristics of good money are |
- A. General acceptability, durability
- B. Homogeneity,divisibility
- C. Transferability, recognizability, convertibility
- D. All
|
| 2 |
Quantity theory of money failed during world economic depression |
- A. In 1920
- B. In 1925
- C. In 1929
- D. In 1935
|
| 3 |
The best definition of money is stated by |
- A. Marhsall
- B. Crowther
- C. Keynes
- D. Walker
|
| 4 |
Production of an additional unit of factor refers to: |
|
| 5 |
The money whose face value and intrinsic value are equal, is called |
- A. Token money
- B. Standard money
- C. Paper money
- D. Credit money
|
| 6 |
Kinds of credit money are |
- A. Verbal promise and written promise
- B. Govt. securities & debentures
- C. Cheque & Drafts
- D. Share of Companies
|
| 7 |
During inflation prices are |
- A. Zero
- B. Low
- C. Increase
- D. Constant
|
| 8 |
Which economist said that the term demand for money should be used instead of circulation of money |
- A. Prof Keynes
- B. Prof Marshall
- C. Prof Crowther
- D. Prof Fisher
|
| 9 |
Which money is not legally backed |
- A. Metallic money
- B. Paper money
- C. Credit money
- D. Near money
|
| 10 |
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
|
