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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
Which one of the following was the difficulty of barter system
Question # 2
Quantity theory of money was criticised by
Question # 3
Unit of account money in Pakistan is
Question # 4
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 5
One of the following is not monetary measure to control inflation
Question # 6
The money in which payment can be made only to certain extent is called
Question # 7
The coins whose current price is greater than their intrinsic value, are called
Question # 8
Convertible paper money is issued by
Question # 9
Production of an additional unit of factor refers to:
Question # 10
The unit of money by which the value of goods and services is expressed is called
Question # 11
"What performs the functions of money, is money"
"What performs the functions of money, is money"
This definition of money is stated by
Question # 12
One of the following is not fiscal measure to control inflation
Question # 13
What is money
Question # 14
Notes and coins are legal tender money because
Question # 15
Quantity theory of money failed during world economic depression
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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M Minahil Asif 07 - Jun - 2024 01 Min 21 Sec 15/15 -
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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 | Other tern used for demand for factor is: |
A. Initial demand
B. derived demand
C. Direct demand
D. Cross demand
|
| 2 | This paper notes which can be converted into gold, silver or foreign exchange are called |
A. Standard money
B. Unlimited legal tender money
C. Convertible paper money
D. Inconvertible paper money
|
| 3 | 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
|
| 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
|
| 5 | One of the following is not the fiscal measure to control inflation |
A. Decrease in public expenditures
B. Increase in the value of money
C. Increase in taxes
D. Encouragement of saving
|
| 6 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
|
| 7 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
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| 8 | Notes and coins are legal tender money because |
A. Government keeps gold and silver in their exchange
B. They are issued by the commercial banks
C. They are issued by the central bank
D. People are bound to accept them
|
| 9 | Value of money means purchasing power of money. If quantity of money is doubled then |
A. Purchasing power of money will be one halved
B. Purchasing power of money will be doubled
C. Purchasing power of money will be tripled
D. There will be no effect on the purchasing power of money
|
| 10 | What is money |
A. Coins of gold and silver
B. Paper money
C. Agricultural crops
D. Everything which can be used as a medium of exchange
|
Test Questions
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