Question # 1

The money whose face value and intrinsic value are equal, is called

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Token money

Standard money

Paper money

Credit money

kinds of money are

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Three

Four

Five

Seven

World economic depression accured in

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1927

1928

1929

1931

One of the following is not the cause of inflation

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Increase in quantity of money

Increase in demand for goods

Increase in supply of goods

Increase in cost of production

One of the following is not fiscal measure to control inflation

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Decrease in public expenditures

Increase in taxes

Encouragement of savings

Increase in investment

There exists a relationship between inflation and deflation

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Increasing

Inverse

Indirect

None of three

The money whose face value is greater than its intrinsic value, is called

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Standard metallic money

Paper money

Token money

Near money

Which one of the following was the difficulty of barter system

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Abundance of goods

Lack of double coincidence of wants

Difference of language

difference of occupations

Prof Fisher presented quantity theory of money in the form of an equation in

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1905

1911

1915

1917

Which money is not legally backed

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Metallic money

Paper money

Credit money

Near money

During inflation increase

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Exports

Savings

Consumption

Inequality of income

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

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