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Principles of Economics Icom Part 1 English Medium Chapter 10 Online Test
| Sr. # | Questions | Answers Choice |
|---|---|---|
| 1 | When there is deflation, then prices | Increase Decrease Remain constant do not change |
| 2 | By which money business dealing has become easy | Metalic money Paper money Credit money Near money |
| 3 | Cheque, bill of exchange etc are | Metallic money Paper money Credit money Near money |
| 4 | Which money is not legally backed | Metallic money Paper money Credit money Near money |
| 5 | According to quantity theory of money one halving the quantity of money prices | Increase Double Decrease One half |
| 6 | According to quantity theory of money doubling the quantity of money, prices | Increase Double Decrease One half |
| 7 | When demand for goods and services rises, then velocity of circulation of money | Increases Decreases Remains constant Does not change |
| 8 | Inflation is useful for | Labourer Consumers Industrialist Pensioners |
| 9 | Prices during the situation of inflation | Increase Decrease Do not change Become zero |
| 10 | Which one of the following was the difficulty of barter system | Abundance of goods Lack of double coincidence of wants Difference of language difference of occupations |
| 11 | The best definition of money is stated by | Marhsall Crowther Keynes Walker |
| 12 | Which kind of budget is better during the situation of inflation | Deficit budget Surplus budget Balanced budget Domestic budget |
| 13 | Which kind of budget is better during the situation of deflation | Deficit budget Surplus budget Balanced budget National budget |
| 14 | Unit of account money in Pakistan is | Rial Rupee Dollar Pound |
| 15 | Inconvertible paper money is issued by |
Central bank Commercial bank Industrial bank Central government |
