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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
"Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist
Question # 2
There exists a relationship between inflation and deflation
Question # 3
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 4
When there is deflation, then prices
Question # 5
The purchasing power of money is called
Question # 6
Value of money means purchasing power of money. If quantity of money is doubled then
Question # 7
Exchange of goods with goods is called
Question # 8
Notes and coins are legal tender money because
Question # 9
Quantity theory of money failed during world economic depression
Question # 10
Which is considered as a transfer payment
Question # 11
Quantity theory of money was criticised by
Question # 12
MRP curve of a factor represents:
Question # 13
World economic depression accured in
Question # 14
Other tern used for demand for factor is:
Question # 15
______ is not considered perfect money
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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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 -
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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Note of 500 rupees is |
A. token money
B. credit money
C. convertible paper money
D. inconvertible paper money
|
| 2 |
Inconvertible paper money is issued by
|
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 3 | 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
|
| 4 | Convertible paper money is issued by |
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 5 | One of the following is not fiscal measure to control inflation |
A. Decrease in public expenditures
B. Increase in taxes
C. Encouragement of savings
D. Increase in investment
|
| 6 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 7 | Which kind of budget is better during the situation of deflation |
A. Deficit budget
B. Surplus budget
C. Balanced budget
D. National budget
|
| 8 | There exists a relationship between inflation and deflation |
A. Increasing
B. Inverse
C. Indirect
D. None of three
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| 9 | 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
|
| 10 | 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
|
Test Questions