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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
What effects are expected on the purchasing power of money during deflation
Question # 2
Which one of the following does not exist during deflation
Question # 3
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
Question # 4
According to quantity theory of money one halving the quantity of money prices
Question # 5
The purchasing power of money is called
Question # 6
Functions of money are
Question # 7
Kinds of credit money are
Question # 8
One rupee note in paper money is
Question # 9
One of the following is not monetary measure to control inflation
Question # 10
By which money business dealing has become easy
Question # 11
Basic characteristics of good money are
Question # 12
Quantity theory of money was criticised by
Question # 13
Notes and coins are legal tender money because
Question # 14
Disadvantages of paper money are
Question # 15
When demand for goods and services rises, then velocity of circulation of 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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B Batool 01 - Dec - 2018 00 Min 40 Sec 15/15 -
M Minahil Asif 07 - Jun - 2024 01 Min 21 Sec 15/15 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 33 Sec 15/15 -
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S Subtain Ahmed Raza 22 - Jul - 2023 03 Min 31 Sec 13/15 -
M Muhammad Hammad Shekhani 28 - Jun - 2021 10 Min 43 Sec 13/15 -
S shafaqat ali 14 - Feb - 2018 03 Min 39 Sec 12/15 -
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 -
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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 | 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
|
| 2 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
| 3 | The money in which payment can be made only to certain extent is called |
A. Unlimited legal tender money
B. Limited legal tender money
C. Metallic money
D. Paper money
|
| 4 | ______ 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
|
| 5 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
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| 6 | 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
|
| 7 | Disadvantages of paper money are |
A. Unstable value
B. Possibility of inflation
C. Possibility of wastage
D. All the three
|
| 8 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
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| 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 | Basic characteristics of good money are |
A. General acceptability, durability
B. Homogeneity,divisibility
C. Transferability, recognizability, convertibility
D. All
|
Test Questions
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