| 1 |
World economic depression accured in |
- A. 1927
- B. 1928
- C. 1929
- D. 1931
|
| 2 |
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
|
| 3 |
Relationship of value of money with quantity of money is |
- A. Direct
- B. Indirect
- C. Inverse
- D. Positive
|
| 4 |
"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
|
| 5 |
Net National product is equal to |
- A. GNP + Depreciation expenditure
- B. GDP + Depreciation expenditure
- C. GNP - Depreciation expenditure
- D. GDP - Depreciation expenditure
|
| 6 |
The purchasing power of money is called |
- A. value of money
- B. Medium of exhange
- C. quantity of money
- D. credit money
|
| 7 |
______ is not considered perfect money |
- A. Note of ten rupees
- B. Note of hundred rupees
- C. Piece of silver
- D. Note of one thousand rupees
|
| 8 |
Exchange of goods with goods is called |
- A. Medium of exchange
- B. Store of exchange
- C. Scale of measure of exchange
- D. Barter system
|
| 9 |
Inflation is created |
- A. When demand for goods is less than their supply
- B. When demand for goods is more than their supply
- C. When demand for goods becomes equal to their supply
- D. When demand and supply of goods do not change
|
| 10 |
Disadvantages of paper money are |
- A. Unstable value
- B. Possibility of inflation
- C. Possibility of wastage
- D. All the three
|
