| 1 |
In the equation PY=MY showing quantity theory of money Y represents. |
- A. Year of measurement of national income
- B. National income
- C. tax revenue of the govt
- D. a and c above
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| 2 |
The equation of exchange PT = MV was given by |
- A. Fisher
- B. Crowther
- C. Kuznet
- D. Keynes
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| 3 |
It is assumption of quantity theory of money |
- A. Quantity of traded goods increases
- B. Velocity of circulation of money constant
- C. govt. imposes new taxes
- D. A and b of above
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| 4 |
Which people are most likely to gain during inflaction |
- A. Those living on pension
- B. Those living on their savings
- C. Those who are repaying borrowed money
- D. Those who have lent money
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| 5 |
In Pakistan in June 2016 money supply was about |
- A. Rs.12000 million
- B. Rs.12000 billion
- C. Rs.12000 trillion
- D. More then
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| 6 |
During inflation |
- A. Lenders lose, borrowers gain
- B. Borrowers lose, lenders gain
- C. Borrowers and lenders both lose
- D. All section of the society gain
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| 7 |
Value of money and supply of money are related |
- A. Inversels
- B. Directly
- C. Govt law
- D. Are not related
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| 8 |
They are NOT much affected by rising prices. |
- A. Salaried persons
- B. Businessinmen
- C. Debtors
- D. Importer
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| 9 |
If quantity of money is doubled, then according to quantity theory, value of money is |
- A. Remains constant
- B. Doubled
- C. 1/2
- D. 1/4
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| 10 |
Paper money is called fiat money because. |
- A. It is issued with authority of government
- B. It is convertible into gold
- C. It can be easily printed
- D. It is light weight
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