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

Define money in the words of Prof. Walker.

  • Ans 1: What performs functions of money, is money
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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

Define money in the words of Prof. Walker.

  • Ans 1: What performs functions of money, is money
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 2

Question # 1

What is credit card.

  • Ans 1: This is a modern kind of credit money. Bank issues credit card to its account holder on his desire. Credit card holder cna buy goods on credit according to the amount written on the card fromt he shop and firms specified by the abnk without making cash payment.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

Question # 1

Write time period of bill of exchange and kinds of bill of exchage.

  • Ans 1: 1- sight bill of exchange 2- Time bill of exchange
    3- Domestic bill of exchange 4- Foreign bill of exchange
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4

Question # 1

Write assumptions of equatity theory of money.

  • Ans 1: 1- Quantity of goods should not change.
    2- Velocity of cirulation of money shuld nbot clange.
  • Ans 2: 3- Quantity of barter trade should not change.
    4- Quantity of hoaded oney shuld ot change
  • Ans 3: 5- Issued money should be in use.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

Question # 1

Define Barter system int he word culberon.

  • Ans 1: In Barter system, the prices of goods are shown in the form other goods.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6

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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12th Principles of Economics Chapter 2 Preparation

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