Question # 1

There exists a relationship between inflation and deflation

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Increasing

Inverse

Indirect

None of three

If we multiply margina product with price we get:

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MFC

MRP

TVC

Both a and b

Basic characteristics of good money are

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General acceptability, durability

Homogeneity,divisibility

Transferability, recognizability, convertibility

All

The money whose face value and intrinsic value are different

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Token money

Standard money

Legal money

Near money

Cheque, bill of exchange etc are

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Metallic money

Paper money

Credit money

Near money

One of the following is not the monetary measure to control inflation

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Increase in bank rate

Open market operation

Increase in the ratio of reserve capital of the banks

Increase in taxes

Other tern used for demand for factor is:

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Initial demand

derived demand

Direct demand

Cross demand

When demand for goods and services rises, then velocity of circulation of money

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Increases

Decreases

Remains constant

Does not change

Net National product is equal to

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GNP + Depreciation expenditure

GDP + Depreciation expenditure

GNP - Depreciation expenditure

GDP - Depreciation expenditure

kinds of money are

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Three

Four

Five

Seven

Inconvertible paper money is issued by

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Central bank

Commercial bank

Industrial bank

Central government

During inflation increase

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Exports

Savings

Consumption

Inequality of income

Functions of money are

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Medium of exchange

Common measure of value

Store of value

All the three

Unit of account money in Pakistan is

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Rial

Rupee

Dollar

Pound

Kinds of credit money are

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Verbal promise and written promise

Govt. securities & debentures

Cheque & Drafts

Share of Companies

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Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test MCQs With Answers

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