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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 is money
Question # 2
During inflation prices are
Question # 3
World economic depression accured in
Question # 4
What effects are expected on the purchasing power of money during deflation
Question # 5
Inflation will be useful for
Question # 6
Inflation is useful for
Question # 7
Notes and coins are legal tender money because
Question # 8
By which money business dealing has become easy
Question # 9
Value of money means purchasing power of money. If quantity of money is doubled then
Question # 10
Prices during the situation of inflation
Question # 11
One of the following is not the characteristic of money
Question # 12
One of the following is not the cause of inflation
Question # 13
The best definition of money is stated by
Question # 14
One of the following is not the assumption of quantity theory of money
Question # 15
Relationship of value of money with quantity of money is
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 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 |
Inconvertible paper money is issued by
|
A. Central bank
B. Commercial bank
C. Industrial bank
D. Central government
|
| 3 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
| 4 | According to quantity theory of money one halving the quantity of money prices |
A. Increase
B. Double
C. Decrease
D. One half
|
| 5 | The coins whose current price is greater than their intrinsic value, are called |
A. Standard coins
B. Paper money
C. Token money
D. Credit money
|
| 6 | "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 |
A. Prof Marshall
B. Prof Walker
C. Prof Keynes
D. Prof Crowther
|
| 7 | When there is deflation, then prices |
A. Increase
B. Decrease
C. Remain constant
D. do not change
|
| 8 | 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
|
| 9 | One of the following is not the characteristic of money |
A. General acceptability
B. Durability
C. Non homogeneity
D. Convertibility
|
| 10 | During inflation prices are |
A. Zero
B. Low
C. Increase
D. Constant
|
Test Questions