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

12th Class Principles of Economics
Chapter 2

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

Try The Short Questions For ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation

  • Total Questions10

  • Available Sets6

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

Question # 1

Write five disadvantages of paper money.

  • Ans 1: 1- Unstable value 2- Possibility of inflation 3- Difficulty in forein payment.
  • Ans 2: 4- Danger of wasting 5- Denager of fake currency
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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 five disadvantages of paper money.

  • Ans 1: 1- Unstable value 2- Possibility of inflation 3- Difficulty in forein payment.
  • Ans 2: 4- Danger of wasting 5- Denager of fake currency
Submit

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

Question # 1

Write stage of evolution of money.

  • Ans 1: 1- Commodity money 2- Metallic money 3- Paper money
    4- Credit money
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

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 4

Question # 1

Write five advantages of credit money.

  • Ans 1: 1- Saving of metals 2- Easy transerability of money
  • Ans 2: 3- Promotion of trade 4- Easy payment 5- Advantage to govt
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

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 6

Question # 1

What is meant by Paper Money

  • Ans 1: Paper money means notes made of paper whihc are issued by the governemnt or by the central bank of the country. The notes are legal tender money. Thg notes are accepted in general business dealings as medium of exchange.
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12th Principles of Economics Chapter 2 Preparation

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