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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  • Total Questions10

  • Available Sets6

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

Question # 1

Write four limitations of credit creation.

  • Ans 1: 1- Need of cash 2- Presence of borrowers 3- Shortage of gurantees.
  • Ans 2: 4- Policy of centrla bank
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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

Write four limitations of credit creation.

  • Ans 1: 1- Need of cash 2- Presence of borrowers 3- Shortage of gurantees.
  • Ans 2: 4- Policy of centrla bank
Submit

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

Question # 1

Define Bonds.

  • Ans 1: Bonds are documents which are issued by thejoint stock companies to get loan. On the bond. value of bond rate of interest and time period are written. Biuyer of the bond cna get his amount with intrest after the expiry of the time period of the bond.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

Question # 1

Define bill of exchange.

  • Ans 1: Generally business people do not make cash payment while buying goods rather they buy goods on credit. Seller of goods writes anorder in the name of buyer which is called bill of exchange.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4

Question # 1

Write components of supply of money.

  • Ans 1: Coins, currency notes nad credit money
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

Question # 1

What is meant by credit money.

  • Ans 1: It is kind of money which ha sno legal cover but circulates in the coutnry just because of trust of belief. Cheques, drafts, credit cards and bills of exchange etc, issued by commercial banks are credit money
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6

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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12th Principles of Economics Chapter 2 Preparation

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