Question # 1

The main cause of using the Cheque as money is

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They are proved as receipt

Most of the people accept them

Protection of money

Easy in transportation

The coins whose current price is greater than their intrinsic value, are called

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Standard coins

Paper money

Token money

Credit money

Relationship of level of prices and quantity of money

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Positive

Negative

Indirect

2nd and 3rd both

One of the following is not monetary measure to control inflation

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Increase in bank rate

Open market operation

Increase in ratio of reserve capital

To create constant situation

What effects are expected on the purchasing power of money during deflation

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Decreases

Increases

Remains constant

2nd and 3rd

Value of money means purchasing power of money. If quantity of money is doubled then

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Purchasing power of money will be one halved

Purchasing power of money will be doubled

Purchasing power of money will be tripled

There will be no effect on the purchasing power of money

"What performs the functions of money, is money"
This definition of money is stated by

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Prof Walker

Prof Marshall

Prof Crowther

Prof Pigou

Cheque, bill of exchange etc are

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Metallic money

Paper money

Credit money

Near money

By which money business dealing has become easy

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Metalic money

Paper money

Credit money

Near money

Inflation will be useful for

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Labourers

Consumers

Penioners

Industrialist

Notes and coins are legal tender money because

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Government keeps gold and silver in their exchange

They are issued by the commercial banks

They are issued by the central bank

People are bound to accept them

Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist

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Prof Taussing

Prof Fisher

Prof Crowther

Prof Marshall

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

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Decrease in public expenditures

Increase in the value of money

Increase in taxes

Encouragement of saving

What is money

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Coins of gold and silver

Paper money

Agricultural crops

Everything which can be used as a medium of exchange

According to quantity theory of money one halving the quantity of money prices

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Increase

Double

Decrease

One half

kinds of money are

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Three

Four

Five

Seven

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

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