| 1 |
If we multiply margina product with price we get: |
- A. MFC
- B. MRP
- C. TVC
- D. Both a and b
|
| 2 |
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
|
| 3 |
MRP curve is slopping: |
- A. Negative
- B. Positive
- C. Downward
- D. Both a and c
|
| 4 |
Quantity theory of money failed during world economic depression |
- A. In 1920
- B. In 1925
- C. In 1929
- D. In 1935
|
| 5 |
Net National product is equal to |
- A. GNP + Depreciation expenditure
- B. GDP + Depreciation expenditure
- C. GNP - Depreciation expenditure
- D. GDP - Depreciation expenditure
|
| 6 |
Relationship of level of prices and quantity of money |
- A. Positive
- B. Negative
- C. Indirect
- D. 2nd and 3rd both
|
| 7 |
The unit of money by which the value of goods and services is expressed is called |
- A. Paper money
- B. Money of account
- C. Legal tender money
- D. Near money
|
| 8 |
When demand for goods and services rises, then velocity of circulation of money |
- A. Increases
- B. Decreases
- C. Remains constant
- D. Does not change
|
| 9 |
Note of 500 rupees is |
- A. token money
- B. credit money
- C. convertible paper money
- D. inconvertible paper money
|
| 10 |
Inflation is useful for |
- A. Labourer
- B. Consumers
- C. Industrialist
- D. Pensioners
|
