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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
The best definition of money is stated by
Question # 2
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is
Question # 3
Unit of account money in Pakistan is
Question # 4
What effects are expected on the purchasing power of money during deflation
Question # 5
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
Question # 6
Basic characteristics of good money are
Question # 7
During inflation prices are
Question # 8
The main cause of using the Cheque as money is
Question # 9
During inflation increase
Question # 10
One of the following is not the method to control deflation
Question # 11
World economic depression accured in
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
Which kind of budget is better during the situation of inflation
Question # 14
Marginal revenue product is the amount of money attained by selling:
Question # 15
One of the following is not fiscal measure to control inflation
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 -
A Aliya hassan 05 - Dec - 2020 03 Min 01 Sec 15/15 -
T Taha 06 - Aug - 2021 03 Min 28 Sec 15/15 -
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 | Marginal productivity theory was presented by: |
A. Pigou and Cannon
B. Adam Smith and F.A. Walker
C. Keynes and Semeulson
D. Marshall and J.B. Clark
|
| 2 | During inflation increase |
A. Exports
B. Savings
C. Consumption
D. Inequality of income
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| 3 | Other tern used for demand for factor is: |
A. Initial demand
B. derived demand
C. Direct demand
D. Cross demand
|
| 4 | Cheque, bill of exchange etc are |
A. Metallic money
B. Paper money
C. Credit money
D. Near money
|
| 5 | Which one of the following was the difficulty of barter system |
A. Abundance of goods
B. Lack of double coincidence of wants
C. Difference of language
D. difference of occupations
|
| 6 | The purchasing power of money is called |
A. value of money
B. Medium of exhange
C. quantity of money
D. credit money
|
| 7 | Unit of account money in Pakistan is |
A. Rial
B. Rupee
C. Dollar
D. Pound
|
| 8 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
| 9 |
"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
|
| 10 | 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
|
Test Questions
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