| 1 |
According to quantity theory of money doubling the quantity of money, prices |
- A. Increase
- B. Double
- C. Decrease
- D. One half
|
| 2 |
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
|
| 3 |
Which one of the following does not exist during deflation |
- A. Production decreases
- B. Value of money increases
- C. Supply of goods and services increases from their demand
- D. Level of employment increases
|
| 4 |
The coins whose current price is greater than their intrinsic value, are called |
- A. Standard coins
- B. Paper money
- C. Token money
- D. Credit money
|
| 5 |
Cheque, bill of exchange etc are |
- A. Metallic money
- B. Paper money
- C. Credit money
- D. Near money
|
| 6 |
One of the following is not the method to control deflation |
- A. Decrease in public expenditures
- B. Decrease in interest rate
- C. Decrease in income tax
- D. increase in exports
|
| 7 |
Marginal revenue product is the amount of money attained by selling: |
- A. Average product
- B. Marginal product
- C. Total product
- D. Total cost
|
| 8 |
According to quantity theory of money one halving the quantity of money prices |
- A. Increase
- B. Double
- C. Decrease
- D. One half
|
| 9 |
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
|
| 10 |
Production of an additional unit of factor refers to: |
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