| 1 |
When demand for goods and services rises, then velocity of circulation of money |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Does not change
|
| 2 |
Prof Fisher presented quantity theory of money in the form of an equation in |
- A. 1905
- B. 1911
- C. 1915
- D. 1917
|
| 3 |
Marginal productivity theory was presented by: |
- A. Pigou and Cannon
- B. Adam Smith and F.A. Walker
- C. Keynes and Semeulson
- D. Marshall and J.B. Clark
|
| 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 |
The money in which payment can be made only to certain extent is called |
- A. Unlimited legal tender money
- B. Limited legal tender money
- C. Metallic money
- D. Paper money
|
| 6 |
World economic depression accured in |
- A. 1927
- B. 1928
- C. 1929
- D. 1931
|
| 7 |
"Purchasing power of money is inverse of level of prices. So study of purchasing power of money is identical with the study of level of prices." These are the words of |
- A. Prof Irving Fisher
- B. Prof Crowther
- C. Prof Pigou
- D. Prof Keynes
|
| 8 |
According to quantity theory of money one halving the quantity of money prices |
- A. Increase
- B. Double
- C. Decrease
- D. One half
|
| 9 |
One of the following is not the difficulty of the barter system |
- A. Indivisibility of goods
- B. Lack of common measure of value
- C. Double coincidence of wants
- D. Lack of store of value
|
| 10 |
This paper notes which can be converted into gold, silver or foreign exchange are called |
- A. Standard money
- B. Unlimited legal tender money
- C. Convertible paper money
- D. Inconvertible paper money
|
