Question # 1

According to quantity theory of money doubling the quantity of money, prices

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Increase

Double

Decrease

One half

During inflation increase

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Exports

Savings

Consumption

Inequality of income

Cheque, bill of exchange etc are

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Metallic money

Paper money

Credit money

Near money

Relationship of level of prices and quantity of money

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Positive

Negative

Indirect

2nd and 3rd both

One of the following is not advantage of paper money

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Saving of metals

Saving of coinage

Easy transferability

Perfectly inelastic supply

One of the following is not the method to control deflation

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Decrease in public expenditures

Decrease in interest rate

Decrease in income tax

increase in exports

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

By which money business dealing has become easy

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Metalic money

Paper money

Credit money

Near money

World economic depression accured in

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1927

1928

1929

1931

One of the following is not the cause of inflation

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Increase in quantity of money

Increase in demand for goods

Increase in supply of goods

Increase in cost of production

If face value is equal to the metal value of a coin, it is called as

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Paper money

Token money

Credit money

Standard money

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

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