| 1 |
One of the following is not fiscal measure to control inflation |
- A. Decrease in public expenditures
- B. Increase in taxes
- C. Encouragement of savings
- D. Increase in investment
|
| 2 |
Unit of account money in Pakistan is |
- A. Rial
- B. Rupee
- C. Dollar
- D. Pound
|
| 3 |
Which one of the following was the difficulty of barter system |
- A. Abundance of goods
- B. Lack of double coincidence of wants
- C. Difference of language
- D. difference of occupations
|
| 4 |
"What performs the functions of money, is money"<br>This definition of money is stated by |
- A. Prof Walker
- B. Prof Marshall
- C. Prof Crowther
- D. Prof Pigou
|
| 5 |
All Pakistani coins are |
- A. Token money
- B. Standard money
- C. Convertible money
- D. Inconvertible money
|
| 6 |
"Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money"<br>This definition of money is stated by |
- A. Prof Walker
- B. Prof Marshall
- C. Prof Crowther
- D. Prof Pigou
|
| 7 |
Value of money means purchasing power of money. If quantity of money is doubled then |
- A. Purchasing power of money will be one halved
- B. Purchasing power of money will be doubled
- C. Purchasing power of money will be tripled
- D. There will be no effect on the purchasing power of money
|
| 8 |
Net National product is equal to |
- A. GNP + Depreciation expenditure
- B. GDP + Depreciation expenditure
- C. GNP - Depreciation expenditure
- D. GDP - Depreciation expenditure
|
| 9 |
Quantity theory of money was criticised by |
- A. Prof. Keynes
- B. Prof Marshall
- C. Prof Pigou
- D. i and ii both
|
| 10 |
Marginal revenue product is the amount of money attained by selling: |
- A. Average product
- B. Marginal product
- C. Total product
- D. Total cost
|
