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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
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Question # 1
Which is considered as a transfer payment
Question # 2
One of the following is not the method to control deflation
Question # 3
Which one of the following was the difficulty of barter system
Question # 4
Production of an additional unit of factor refers to:
Question # 5
Inflation will be useful for
Question # 6
Exchange of goods with goods is called
Question # 7
What is money
Question # 8
World economic depression accured in
Question # 9
"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
Question # 10
Inflation is useful for
Question # 11
Which kind of budget is better during the situation of inflation
Question # 12
Quantity theory of money failed during world economic depression
Question # 13
The money whose face value is greater than its intrinsic value, is called
Question # 14
Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the
Question # 15
According to quantity theory of money, if quantity of money is doubled then prices are doubled while value 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 | 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 | Relationship of level of prices and quantity of money |
A. Positive
B. Negative
C. Indirect
D. 2nd and 3rd both
|
| 3 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
|
| 4 | If we multiply margina product with price we get: |
A. MFC
B. MRP
C. TVC
D. Both a and b
|
| 5 | 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
|
| 6 | Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the |
A. Prof Marshall
B. Stanlay Fisher
C. Culberon
D. Walker
|
| 7 | During inflation increase |
A. Exports
B. Savings
C. Consumption
D. Inequality of income
|
| 8 | One of the following is not the difficulty of the barter system |
A. Indivisibility of goods
B. Lack of common measure of value
C. Double coincidence of wants
D. Lack of store of value
|
| 9 | World economic depression accured in |
A. 1927
B. 1928
C. 1929
D. 1931
|
| 10 | "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
|
Test Questions
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