| 1 |
Quantity theory of money was introduced by: |
- A. Fisher
- B. Marshall
- C. Crowther
- D. J.S Mill
|
| 2 |
Quantity theory of money was criticized by: |
- A. Marshall
- B. Sameulson
- C. Keynes
- D. Both b and c
|
| 3 |
The most appropriate definition of money was given by: |
- A. F.A.Walker
- B. Keynes
- C. Pigou
- D. Crowther
|
| 4 |
When there is inflation attached with high unemployment level, it is called ? |
- A. Stagflation
- B. Hyper inflation
- C. Demand pull inflation
- D. Cost push inflation
|
| 5 |
In balance of payment are included |
- A. Visible items
- B. Invisible items
- C. Visible and invisible items
- D. Material items
|
| 6 |
Comparative cost theory is also called |
- A. Theory of comparison cost
- B. Theory of specialization of cost
- C. Theory of balanced cost
- D. Theory of specialization of production
|
| 7 |
" International balance of payment is all that transaction for which either foreign exchange is spent or received." This definition is stated by |
- A. Prof. Marshal
- B. Prof.Samuelson
- C. Prof. Ricardo
- D. Prof. Hicks
|
| 8 |
Balance of payment of a country in unfavourable when its |
- A. Receipts are more than payments
- B. Receipts are less than payments
- C. Receipts are equal to payments
- D. None of three
|
| 9 |
In order to improve the balance of payment the foremost try is to increase |
- A. Imports
- B. Exports
- C. Production
- D. Savings
|
| 10 |
The trade that takes place between the inhabitants of two countries is called |
- A. Domestic trade
- B. International trade
- C. National trade
- D. Regional Trade
|
