| 1 |
Quantity theory of money in the form of an equation was presented by |
- A. Prof Fisher
- B. Prof Taussig
- C. Prof Marshall
- D. Prof Renald
|
| 2 |
Disadvantages of paper money are |
- A. Unstable value
- B. Possibility of inflation
- C. Possibility of wastage
- D. All the three
|
| 3 |
kinds of money are |
- A. Three
- B. Four
- C. Five
- D. Seven
|
| 4 |
Basic characteristics of good money are |
- A. General acceptability, durability
- B. Homogeneity,divisibility
- C. Transferability, recognizability, convertibility
- D. All
|
| 5 |
Which is considered as a transfer payment |
- A. wages
- B. salaries
- C. prices
- D. unemployment allowances
|
| 6 |
It was impossible under barter system |
- A. Lack of coincidence of wants
- B. Lack of common measure of value
- C. Divisibility of some goods in small parts
- D. Solution of all the said problems
|
| 7 |
Prices during the situation of inflation |
- A. Increase
- B. Decrease
- C. Do not change
- D. Become zero
|
| 8 |
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called |
- A. Token money
- B. Money of account
- C. Standard money
- D. Near money
|
| 9 |
According to quantity theory of money doubling the quantity of money, prices |
- A. Increase
- B. Double
- C. Decrease
- D. One half
|
| 10 |
The money whose face value and intrinsic value are different |
- A. Token money
- B. Standard money
- C. Legal money
- D. Near money
|
