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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
Production of an additional unit of factor refers to:
Question # 2
When demand for goods and services rises, then velocity of circulation of money
Question # 3
Cheque, bill of exchange etc are
Question # 4
One of the following is not the cause of inflation
Question # 5
Marginal revenue product is the amount of money attained by selling:
Question # 6
Convertible paper money is issued by
Question # 7
One of the following is not the monetary measure to control inflation
Question # 8
Which money is not legally backed
Question # 9
Disadvantages of paper money are
Question # 10
One of the following is not monetary measure to control inflation
Question # 11
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 12
One of the following is not the difficulty of the barter system
Question # 13
Note of 500 rupees is
Question # 14
Inconvertible paper money is issued by
Question # 15
Marginal productivity theory was presented 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.
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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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 -
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 | The main cause of using the Cheque as money is |
A. They are proved as receipt
B. Most of the people accept them
C. Protection of money
D. Easy in transportation
|
| 2 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
|
| 3 | One of the following is not advantage of paper money |
A. Saving of metals
B. Saving of coinage
C. Easy transferability
D. Perfectly inelastic supply
|
| 4 | 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
|
| 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 | During inflation increase |
A. Exports
B. Savings
C. Consumption
D. Inequality of income
|
| 7 | 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
|
| 8 | Which is considered as a transfer payment |
A. wages
B. salaries
C. prices
D. unemployment allowances
|
| 9 | 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
|
| 10 |
"What performs the functions of money, is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
|
Test Questions
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