Question # 1

By which money business dealing has become easy

Choose an answer

Metalic money

Paper money

Credit money

Near money

Basic characteristics of good money are

Choose an answer

General acceptability, durability

Homogeneity,divisibility

Transferability, recognizability, convertibility

All

MRP curve is slopping:

Choose an answer

Negative

Positive

Downward

Both a and c

One of the following is not the cause of deflation

Choose an answer

Decrease in demand for goods

Decrease in consumption

Increase in quantity of money

Increase in supply of goods

One of the following is not the characteristic of money

Choose an answer

General acceptability

Durability

Non homogeneity

Convertibility

Note of 500 rupees is

Choose an answer

token money

credit money

convertible paper money

inconvertible paper money

Production of an additional unit of factor refers to:

Choose an answer

AP

TP

MP

MR

Net National product is equal to

Choose an answer

GNP + Depreciation expenditure

GDP + Depreciation expenditure

GNP - Depreciation expenditure

GDP - Depreciation expenditure

Quantity theory of money in the form of an equation was presented by

Choose an answer

Prof Fisher

Prof Taussig

Prof Marshall

Prof Renald

The main cause of using the Cheque as money is

Choose an answer

They are proved as receipt

Most of the people accept them

Protection of money

Easy in transportation

One of the following is not the cause of inflation

Choose an answer

Increase in quantity of money

Increase in demand for goods

Increase in supply of goods

Increase in cost of production

Inflation is useful for

Choose an answer

Labourer

Consumers

Industrialist

Pensioners

Functions of money are

Choose an answer

Medium of exchange

Common measure of value

Store of value

All the three

One of the following is not the monetary measure to control inflation

Choose an answer

Increase in bank rate

Open market operation

Increase in the ratio of reserve capital of the banks

Increase in taxes

If we multiply margina product with price we get:

Choose an answer

MFC

MRP

TVC

Both a and b

Which kind of budget is better during the situation of inflation

Choose an answer

Deficit budget

Surplus budget

Balanced budget

Domestic budget

More Classes

Other Links

Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer