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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
Relationship of value of money with quantity of money is
Question # 2
Which money is not legally backed
Question # 3
Convertible paper money is issued by
Question # 4
According to quantity theory of money one halving the quantity of money prices
Question # 5
Other tern used for demand for factor is:
Question # 6
One of the following is not the characteristic of money
Question # 7
kinds of money are
Question # 8
This paper notes which can be converted into gold, silver or foreign exchange are called
Question # 9
The purchasing power of money is called
Question # 10
Disadvantages of paper money are
Question # 11
"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 # 12
One of the following is not the method to control deflation
Question # 13
All Pakistani coins are
Question # 14
Unit of account money in Pakistan is
Question # 15
Inconvertible paper money is issued by
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 Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The best definition of money is stated by |
A. Marhsall
B. Crowther
C. Keynes
D. Walker
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| 2 | Relationship of value of money with quantity of money is |
A. Direct
B. Indirect
C. Inverse
D. Positive
|
| 3 | 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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| 4 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
|
| 5 | One rupee note in paper money is |
A. Inconvertible paper money
B. Convertible paper money
C. Limited legal tender money
D. Unlimited legal tender money
|
| 6 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
|
| 7 | Inflation is created |
A. When demand for goods is less than their supply
B. When demand for goods is more than their supply
C. When demand for goods becomes equal to their supply
D. When demand and supply of goods do not change
|
| 8 | One of the following is not the cause of inflation |
A. Increase in quantity of money
B. Increase in demand for goods
C. Increase in supply of goods
D. Increase in cost of production
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| 9 | Prof Fisher presented quantity theory of money in the form of an equation in |
A. 1905
B. 1911
C. 1915
D. 1917
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| 10 | 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
|
Test Questions