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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
Which one of the following was the difficulty of barter system
Question # 2
According to quantity theory of money one halving the quantity of money prices
Question # 3
MRP curve of a factor represents:
Question # 4
Marginal productivity theory was presented by:
Question # 5
One of the following is not the fiscal measure to control inflation
Question # 6
Relationship of value of money with quantity of money is
Question # 7
Inflation will be useful for
Question # 8
One rupee note in paper money is
Question # 9
During inflation increase
Question # 10
Notes and coins are legal tender money because
Question # 11
One of the following is not the assumption of quantity theory of money
Question # 12
______ is not considered perfect money
Question # 13
What is money
Question # 14
The best definition of money is stated by
Question # 15
One of the following is not the cause of inflation
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 Muhammad Hammad Shekhani 28 - Jun - 2021 10 Min 43 Sec 13/15 -
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Z Zafar Ali 30 - May - 2024 00 Min 11 Sec 11/15 -
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M Muhammad Abrar 25 - Dec - 2020 03 Min 28 Sec 10/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
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| 2 | 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
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| 3 | ______ is not considered perfect money |
A. Note of ten rupees
B. Note of hundred rupees
C. Piece of silver
D. Note of one thousand rupees
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| 4 | Marginal revenue product is the amount of money attained by selling: |
A. Average product
B. Marginal product
C. Total product
D. Total cost
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| 5 | Relationship of level of prices and quantity of money |
A. Positive
B. Negative
C. Indirect
D. 2nd and 3rd both
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| 6 | 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
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| 7 | Which money is not legally backed |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
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| 8 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
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| 9 | Which kind of budget is better during the situation of inflation |
A. Deficit budget
B. Surplus budget
C. Balanced budget
D. Domestic budget
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| 10 | The unit of money by which the value of goods and services is expressed is called |
A. Paper money
B. Money of account
C. Legal tender money
D. Near money
|
Test Questions
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