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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
Prices during the situation of inflation
Question # 2
All Pakistani coins are
Question # 3
Inconvertible paper money is issued by
Question # 4
World economic depression accured in
Question # 5
Convertible paper money is issued by
Question # 6
The best definition of money is stated by
Question # 7
One of the following is not the cause of deflation
Question # 8
Production of an additional unit of factor refers to:
Question # 9
According to quantity theory of money one halving the quantity of money prices
Question # 10
Relationship of value of money with quantity of money is
Question # 11
By which money business dealing has become easy
Question # 12
During inflation increase
Question # 13
Marginal revenue product is the amount of money attained by selling:
Question # 14
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 15
Basic characteristics of good money are
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 -
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 Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
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| 2 | According to quantity theory of money one halving the quantity of money prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 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 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
|
| 5 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 6 | The purchasing power of money is called |
A. value of money
B. Medium of exhange
C. quantity of money
D. credit money
|
| 7 | According to quantity theory of money doubling the quantity of money, prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 8 | Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the |
A. Prof Marshall
B. Stanlay Fisher
C. Culberon
D. Walker
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| 9 | Convertible paper money is issued by |
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
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| 10 | One of the following is not the cause of deflation |
A. Decrease in demand for goods
B. Decrease in consumption
C. Increase in quantity of money
D. Increase in supply of goods
|
Test Questions