| 1 |
Quantity theory of money was criticised by |
- A. Prof. Keynes
- B. Prof Marshall
- C. Prof Pigou
- D. i and ii both
|
| 2 |
Inflation is useful for |
- A. Labourer
- B. Consumers
- C. Industrialist
- D. Pensioners
|
| 3 |
One of the following is not advantage of paper money |
- A. Saving of metals
- B. Saving of coinage
- C. Easy transferability
- D. Perfectly inelastic supply
|
| 4 |
kinds of money are |
- A. Three
- B. Four
- C. Five
- D. Seven
|
| 5 |
The purchasing power of money is called |
- A. value of money
- B. Medium of exhange
- C. quantity of money
- D. credit money
|
| 6 |
Quantity theory of money failed during world economic depression |
- A. In 1920
- B. In 1925
- C. In 1929
- D. In 1935
|
| 7 |
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
|
| 8 |
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
|
| 9 |
Relationship of value of money with quantity of money is |
- A. Direct
- B. Indirect
- C. Inverse
- D. Positive
|
| 10 |
"Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it." This definition of money is stated by the economist |
- A. Prof Marshall
- B. Prof Walker
- C. Prof Keynes
- D. Prof Crowther
|
