I.Com part 2 Principles of Economics Chapter 2 Short Question Preparation

12th Class Principles of Economics
Chapter 2

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12th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 2 "ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation "

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Economics - ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation

Question # 1

What is Barter.

  • Ans 1: Barter means direct exchange of one good with another when money is not used as a medium of exchange.
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Prepare Complete Set Wise Questions For Chapter 2 "ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation "

ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 1

Question # 1

What is Barter.

  • Ans 1: Barter means direct exchange of one good with another when money is not used as a medium of exchange.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 2

Question # 1

State relationship between prices and value of money.

  • Ans 1: There exists inverse functional relationship between prices and value of money it menas value of money falls due to rise in prices and value of money rises due to fall in prices.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

Question # 1

What is menat by inconvertible paper money.

  • Ans 1: These are the notes that cannot be converted in gold or silver or foreign exchange Inother word Govt of the coutry does not take the responsibility for convertiing them in gold, silver, or foreign exchange.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4

Question # 1

What is meant by near money

  • Ans 1: The money whihc is not used a once of for business dealings but it can be converted in net cash after a little effort, is called near money Saving deposits, time deports depostied in bank, Gove securites, bonds, shares of firms are near money.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

Question # 1

Write five disadvantages fo credit money.

  • Ans 1: 1- Arising of inflation 2- Unnecessary consumption of wealth
  • Ans 2: 3- Arising of inequality in incomes 4- Trend of speculation
  • Ans 3: 5- Esatablishment of monopolies
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6

Question # 1

What is cheque.

  • Ans 1: A cheque is an order by a depositor to a bank for paying the amoutn state don the cheque to the presenter of the cheque. Bank makes th epayment if the amount of the cheque is int he account and the signatures of the accout holder and all entries fo the cheque are correct.
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12th Principles of Economics Chapter 2 Preparation