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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
Inflation is created
Question # 2
Basic characteristics of good money are
Question # 3
Exchange of goods with goods is called
Question # 4
Quantity theory of money failed during world economic depression
Question # 5
Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist
Question # 6
Functions of money are
Question # 7
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 8
Quantity theory of money was criticised by
Question # 9
Marginal revenue product is the amount of money attained by selling:
Question # 10
One of the following is not the fiscal measure to control inflation
Question # 11
Which is considered as a transfer payment
Question # 12
"Purchasing power of money is inverse of level of prices. So study of purchasing power of money is identical with the study of level of prices." These are the words of
Question # 13
Note of 500 rupees is
Question # 14
During inflation increase
Question # 15
Convertible 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.
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 -
J Jaweria Faraz 11 - Jul - 2024 02 Min 33 Sec 15/15 -
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N Naveera 18 - May - 2021 02 Min 13 Sec 13/15 -
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 -
M Manan Malik 12 - Jan - 2022 02 Min 07 Sec 10/15 -
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 | Which one of the following does not exist during deflation |
A. Production decreases
B. Value of money increases
C. Supply of goods and services increases from their demand
D. Level of employment increases
|
| 2 | MRP curve is slopping: |
A. Negative
B. Positive
C. Downward
D. Both a and c
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| 3 | Cheque, bill of exchange etc are |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 4 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
|
| 5 | All Pakistani coins are |
A. Token money
B. Standard money
C. Convertible money
D. Inconvertible money
|
| 6 | Which is considered as a transfer payment |
A. wages
B. salaries
C. prices
D. unemployment allowances
|
| 7 | Other tern used for demand for factor is: |
A. Initial demand
B. derived demand
C. Direct demand
D. Cross demand
|
| 8 |
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money" This definition of money is stated by |
A. Prof Walker
B. Prof Marshall
C. Prof Crowther
D. Prof Pigou
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| 9 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
|
| 10 | The money which is not in the form of net cash and is not used at once for business dealing is called |
A. Near money
B. Legal Tender money
C. Credit money
D. Paper money
|
Test Questions
