| 1 |
They are NOT much affected by rising prices. |
- A. Salaried persons
- B. Businessinmen
- C. Debtors
- D. Importer
|
| 2 |
Purchasing power of money during deflation is |
- A. Reduced
- B. Increased
- C. Constant
- D. Fluctuating
|
| 3 |
When a national money supply is Rs.1200 billion and GDP is Rs.4800 billion,velocity of circulation money is |
- A. 0.25
- B. 4
- C. 0.4
- D. billion rupees
|
| 4 |
The equation of exchange PT = MV was given by |
- A. Fisher
- B. Crowther
- C. Kuznet
- D. Keynes
|
| 5 |
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
|
| 6 |
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
|
| 7 |
Which one is equation of exchange |
- A. PT = MV
- B. PV = MT
- C. PM = TV
- D. None
|
| 8 |
The quantity of money increases 100% other things remaining constant, value of money changes by |
- A. Increases by 100%
- B. Decreases by 100%
- C. Decreases by 200%
- D. Does not change
|
| 9 |
For the economy, prices are beneficial |
- A. Falling slowly
- B. Rising slowly
- C. Rising fast
- D. Falling fast
|
| 10 |
The equation of exchanges PT=MV was given by |
- A. Fisher
- B. Crowther
- C. Kuznet
- D. Keynes
|
