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

Write difficulties of barter system.

  • Ans 1: 1- Lack of double coincidence of wants.
  • Ans 2: 2- Lack of common measure of value
  • Ans 3: 3- Lack of store of value.
  • Ans 4: 4- Goods of small value cannot be attained in exchange of indivisible goods of high value.
  • Ans 5: 5- Difficulty in transfer of wealth.
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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 difficulties of barter system.

  • Ans 1: 1- Lack of double coincidence of wants.
  • Ans 2: 2- Lack of common measure of value
  • Ans 3: 3- Lack of store of value.
  • Ans 4: 4- Goods of small value cannot be attained in exchange of indivisible goods of high value.
  • Ans 5: 5- Difficulty in transfer of wealth.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 2

Question # 1

What is sight bill of exchange.

  • Ans 1: It is the type of bill which requires the buyer to make payment at the sight of bill its procedure is this that the seller sends the goods to the buyer by a a transport company or railway. He sends the sight bill and receitp of transport comapy or railway to the brancih of a bank of that city where the goods are sent and informs the buyer about it.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

Question # 1

State motives of demand for money.

  • Ans 1: 1- House hold motive 2- Business motive
  • Ans 2: 3- Precautionary motive 4- Speculative motive
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4

Question # 1

What is sight bill of exchange.

  • Ans 1: It is the type of bill which requires the buyer to make payment at the sight of bill its procedure is this that the seller sends the goods to the buyer by a a transport company or railway. He sends the sight bill and receitp of transport comapy or railway to the brancih of a bank of that city where the goods are sent and informs the buyer about it.
Submit

ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

Question # 1

What is bearer cheque.

  • Ans 1: Any body holding the bearer cheque can receive from the bank , the amount of money written on the cheque. The word bearereis writtenon this cheque. There is no need of any type of indentificacation or verification on this cheque for payment
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6

Question # 1

Write Fisher equation of exchange.

  • Ans 1: P= MV+ M'V'/T
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12th Principles of Economics Chapter 2 Preparation