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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
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
Question # 2
Inconvertible paper money is issued by
Question # 3
The main cause of using the Cheque as money is
Question # 4
Note of 500 rupees is
Question # 5
Which one of the following does not exist during deflation
Question # 6
One of the following is not the cause of deflation
Question # 7
If we multiply margina product with price we get:
Question # 8
Convertible paper money is issued by
Question # 9
According to quantity theory of money one halving the quantity of money prices
Question # 10
Which one of the following was the difficulty of barter system
Question # 11
There exists a relationship between inflation and deflation
Question # 12
Production of an additional unit of factor refers to:
Question # 13
What effects are expected on the purchasing power of money during deflation
Question # 14
Marginal productivity theory was presented by:
Question # 15
Inflation is created
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.
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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | During inflation prices are |
A. Zero
B. Low
C. Increase
D. Constant
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| 2 | One of the following is not the method to control deflation |
A. Decrease in public expenditures
B. Decrease in interest rate
C. Decrease in income tax
D. increase in exports
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| 3 | Disadvantages of paper money are |
A. Unstable value
B. Possibility of inflation
C. Possibility of wastage
D. All the three
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| 4 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
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| 5 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
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| 6 | Which one of the following does not exist during deflation |
A. Production decreases
B. Value of money increases
C. Supply of goods and services increases from their demand
D. Level of employment increases
|
| 7 | Which one of the following was the difficulty of barter system |
A. Abundance of goods
B. Lack of double coincidence of wants
C. Difference of language
D. difference of occupations
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| 8 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
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| 9 | 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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| 10 | 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
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Test Questions