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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
One of the following is not the method to control deflation
Question # 2
MRP curve of a factor represents:
Question # 3
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 4
Which is considered as a transfer payment
Question # 5
Notes and coins are legal tender money because
Question # 6
One of the following is not the difficulty of the barter system
Question # 7
Other tern used for demand for factor is:
Question # 8
One of the following is not the cause of deflation
Question # 9
Inconvertible paper money is issued by
Question # 10
Inflation is useful for
Question # 11
Relationship of level of prices and quantity of money
Question # 12
According to quantity theory of money one halving the quantity of money prices
Question # 13
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 14
There exists a relationship between inflation and deflation
Question # 15
Quantity theory of money was criticised by
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 | 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
|
| 2 |
"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
|
| 3 | One rupee note in paper money is |
A. Inconvertible paper money
B. Convertible paper money
C. Limited legal tender money
D. Unlimited legal tender money
|
| 4 | One of the following is not monetary measure to control inflation |
A. Increase in bank rate
B. Open market operation
C. Increase in ratio of reserve capital
D. To create constant situation
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| 5 | Which kind of budget is better during the situation of inflation |
A. Deficit budget
B. Surplus budget
C. Balanced budget
D. Domestic budget
|
| 6 | The money in which payment can be made only to certain extent is called |
A. Unlimited legal tender money
B. Limited legal tender money
C. Metallic money
D. Paper money
|
| 7 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
| 8 | When demand for goods and services rises, then velocity of circulation of money |
A. Increases
B. Decreases
C. Remains constant
D. Does not change
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| 9 | If face value is equal to the metal value of a coin, it is called as |
A. Paper money
B. Token money
C. Credit money
D. Standard money
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| 10 | MRP curve of a factor represents: |
A. Demand of factors
B. Supply of factors
C. Price of factors
D. Both a and c
|
Test Questions