| 1 |
What effects are expected on the purchasing power of money during deflation |
- A. Decreases
- B. Increases
- C. Remains constant
- D. 2nd and 3rd
|
| 2 |
Which money is not legally backed |
- A. Metallic money
- B. Paper money
- C. Credit money
- D. Near money
|
| 3 |
During inflation prices are |
- A. Zero
- B. Low
- C. Increase
- D. Constant
|
| 4 |
"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 |
- A. Prof Irving Fisher
- B. Prof Crowther
- C. Prof Pigou
- D. Prof Keynes
|
| 5 |
Inflation is useful for |
- A. Labourer
- B. Consumers
- C. Industrialist
- D. Pensioners
|
| 6 |
During inflation increase |
- A. Exports
- B. Savings
- C. Consumption
- D. Inequality of income
|
| 7 |
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
|
| 8 |
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
|
| 9 |
One of the following is not the difficulty of the barter system |
- A. Indivisibility of goods
- B. Lack of common measure of value
- C. Double coincidence of wants
- D. Lack of store of value
|
| 10 |
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
|
