Question # 1

Inconvertible paper money is issued by

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Central bank

Commercial bank

Industrial bank

Central government

Which kind of budget is better during the situation of inflation

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Deficit budget

Surplus budget

Balanced budget

Domestic budget

Which economist said that the term demand for money should be used instead of circulation of money

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Prof Keynes

Prof Marshall

Prof Crowther

Prof Fisher

The money whose face value and intrinsic value are equal, is called

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Token money

Standard money

Paper money

Credit money

Note of 500 rupees is

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token money

credit money

convertible paper money

inconvertible paper money

Prof Fisher presented quantity theory of money in the form of an equation in

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1905

1911

1915

1917

Kinds of credit money are

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Verbal promise and written promise

Govt. securities & debentures

Cheque & Drafts

Share of Companies

Relationship of value of money with quantity of money is

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Direct

Indirect

Inverse

Positive

Marginal productivity theory was presented by:

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Pigou and Cannon

Adam Smith and F.A. Walker

Keynes and Semeulson

Marshall and J.B. Clark

One of the following is not monetary measure to control inflation

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Increase in bank rate

Open market operation

Increase in ratio of reserve capital

To create constant situation

Inflation is created

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When demand for goods is less than their supply

When demand for goods is more than their supply

When demand for goods becomes equal to their supply

When demand and supply of goods do not change

One of the following is not the difficulty of the barter system

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Indivisibility of goods

Lack of common measure of value

Double coincidence of wants

Lack of store of value

Relationship of level of prices and quantity of money

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Positive

Negative

Indirect

2nd and 3rd both

Prices during the situation of inflation

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Increase

Decrease

Do not change

Become zero

Which kind of budget is better during the situation of deflation

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Deficit budget

Surplus budget

Balanced budget

National budget

When demand for goods and services rises, then velocity of circulation of money

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Increases

Decreases

Remains constant

Does not change

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