| 1 |
If the face value of a coin is greater than the value of metal used in: |
- A. Legal money
- B. Token money
- C. Standard money
- D. Both b and c
|
| 2 |
Balance of visible goods of a country mean |
- A. Quantity of imports & exports
- B. Value of imports & exports
- C. Value of imported & exported goods and services
- D. Value of imported & exported services
|
| 3 |
Which of the following is not invisible trade |
- A. Expenditure on education in other country
- B. Expenditure on imported machinery
- C. Expenditure of passengers traveling by air
- D. Expenditure of goods carried by a ship
|
| 4 |
When general price level increases due to increase in cost of production, it is known as ? |
- A. Stagflation
- B. Hyper inflation
- C. Demand pull inflation
- D. Cost push inflation
|
| 5 |
Comparative cost theory is also called |
- A. Theory of comparison cost
- B. Theory of specialization of cost
- C. Theory of balanced cost
- D. Theory of specialization of production
|
| 6 |
The relation between quantity of money and price is: |
- A. Positive
- B. Negative
- C. Direct
- D. Inverse
|
| 7 |
If the face value of a coin is equal to the value of metal used in: |
- A. Legal money
- B. Token money
- C. Standard money
- D. Both b and c
|
| 8 |
Difficulties in barter system: |
- A. Lack of double coincidence of wants
- B. Lack of storing value
- C. Lack of common measure of value
- D. All of these
|
| 9 |
Quantity theory of money was criticized by: |
- A. Marshall
- B. Sameulson
- C. Keynes
- D. Both b and c
|
| 10 |
International trade is based on the following except |
- A. Different factors of production are required for the production of different goods
- B. Factors of production exist in different ratios in different countries
- C. Factors of production are in abundant quantity in different countries
- D. Factors of production are in limited quantity in different countries
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