Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
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"
-
Total Questions15
-
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 fiscal measure to control inflation
Question # 2
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"
This definition of money is stated by
Question # 3
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 4
One of the following is not the method to control deflation
Question # 5
Basic characteristics of good money are
Question # 6
Marginal revenue product is the amount of money attained by selling:
Question # 7
One rupee note in paper money is
Question # 8
Inconvertible paper money is issued by
Question # 9
"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 # 10
Which economist said that the term demand for money should be used instead of circulation of money
Question # 11
Disadvantages of paper money are
Question # 12
All Pakistani coins are
Question # 13
Notes and coins are legal tender money because
Question # 14
Which money is not legally backed
Question # 15
When demand for goods and services rises, then velocity of circulation 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
-
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 -
N Naveera 18 - May - 2021 02 Min 13 Sec 13/15 -
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 -
A Arzoo Qaiser 30 - Jan - 2026 03 Min 01 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 2 | 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
|
| 3 |
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
|
| 4 | Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist |
A. Prof Taussing
B. Prof Fisher
C. Prof Crowther
D. Prof Marshall
|
| 5 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
|
| 6 | One of the following is not the monetary measure to control inflation |
A. Increase in bank rate
B. Open market operation
C. Increase in the ratio of reserve capital of the banks
D. Increase in taxes
|
| 7 | Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called |
A. Token money
B. Money of account
C. Standard money
D. Near money
|
| 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
|
| 9 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
|
| 10 | 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
|
Test Questions