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This online test contains MCQs about following topics:
. Barter system . Evolution of money . Definition of moeny . Assumptiond of quantity theory of money . Criticism on quantity theory of money . Inflation . Deflation . Measures to control inflation . Measures to control deflation
ICOM Part 1 Economics Ch 10 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test"
Try The MCQ's Test For Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test
00:00
Question # 1
kinds of money are
Question # 2
The money which is not in the form of net cash and is not used at once for business dealing is called
Question # 3
One of the following is not the cause of deflation
Question # 4
Prof Fisher presented quantity theory of money in the form of an equation in
Question # 5
Kinds of credit money are
Question # 6
Functions of money are
Question # 7
What effects are expected on the purchasing power of money during deflation
Question # 8
MRP curve of a factor represents:
Question # 9
Basic characteristics of good money are
Question # 10
Inconvertible paper money is issued by
Question # 11
The purchasing power of money is called
Question # 12
Exchange of goods with goods is called
Question # 13
The money whose face value is greater than its intrinsic value, is called
Question # 14
Inflation will be useful for
Question # 15
Quantity theory of money failed during world economic depression
11th Principle of Economics Chapter 10 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 10 Money Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 10 "Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test" MCQ`s Test
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ICom Part 1 Principles of Economics ( English Medium) Chapter 10 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | By which money business dealing has become easy |
A. Metalic money
B. Paper money
C. Credit money
D. Near money
|
| 2 | One of the following is not the method to control deflation |
A. Decrease in public expenditures
B. Decrease in interest rate
C. Decrease in income tax
D. increase in exports
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| 3 | If face value is equal to the metal value of a coin, it is called as |
A. Paper money
B. Token money
C. Credit money
D. Standard money
|
| 4 | What effects are expected on the purchasing power of money during deflation |
A. Decreases
B. Increases
C. Remains constant
D. 2nd and 3rd
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| 5 | Marginal revenue product is the amount of money attained by selling: |
A. Average product
B. Marginal product
C. Total product
D. Total cost
|
| 6 | Notes and coins are legal tender money because |
A. Government keeps gold and silver in their exchange
B. They are issued by the commercial banks
C. They are issued by the central bank
D. People are bound to accept them
|
| 7 | kinds of money are |
A. Three
B. Four
C. Five
D. Seven
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| 8 | The money whose face value and intrinsic value are different |
A. Token money
B. Standard money
C. Legal money
D. Near money
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| 9 | What is money |
A. Coins of gold and silver
B. Paper money
C. Agricultural crops
D. Everything which can be used as a medium of exchange
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| 10 | Exchange of goods with goods is called |
A. Medium of exchange
B. Store of exchange
C. Scale of measure of exchange
D. Barter system
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Test Questions