| 1 |
MRP curve of a factor represents: |
- A. Demand of factors
- B. Supply of factors
- C. Price of factors
- D. Both a and c
|
| 2 |
The purchasing power of money is called |
- A. value of money
- B. Medium of exhange
- C. quantity of money
- D. credit money
|
| 3 |
"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
|
| 4 |
When demand for goods and services rises, then velocity of circulation of money |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Does not change
|
| 5 |
MRP curve is slopping: |
- A. Negative
- B. Positive
- C. Downward
- D. Both a and c
|
| 6 |
All Pakistani coins are |
- A. Token money
- B. Standard money
- C. Convertible money
- D. Inconvertible money
|
| 7 |
One rupee note in paper money is |
- A. Inconvertible paper money
- B. Convertible paper money
- C. Limited legal tender money
- D. Unlimited legal tender money
|
| 8 |
Which is considered as a transfer payment |
- A. wages
- B. salaries
- C. prices
- D. unemployment allowances
|
| 9 |
Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist |
- A. Prof Taussing
- B. Prof Fisher
- C. Prof Crowther
- D. Prof Marshall
|
| 10 |
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
|
