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12th Class Principles of Economics Chapter 4 Test

12th class I.Com Part 2 Principles of Economics chapter 4 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 4 Test

Start Chapter 4 Test

I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 4 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 When value of money falls, they benefits more
  • A. Debtors
  • B. Lenders
  • C. Farmers
  • D. Industrialist
2 When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
  • A. 0.25
  • B. 4
  • C. 0.4
  • D. Billion Rupees
3 Velocity of circulation of money means.
  • A. Total demand for money
  • B. Annual increase in currency notes
  • C. Number of timesa unit of money changes hands
  • D. total supoly of money
4 Under normal circumstances the velocity of circulation of money in a contry is.
  • A. 100%
  • B. negative
  • C. Less than 10
  • D. Zero
5 If we put this letter in the blank space we get quantity theory of money PY =M
  • A. S
  • B. T
  • C. V
  • D. A
6 Pursching power of money during defiation is.
  • A. Increased
  • B. Reduced
  • C. Constant
  • D. Fluctuating
7 Value of money means
  • A. General purchasing power of money
  • B. Gold purchased by money
  • C. Demand for money
  • D. Importance of money
8 They are NOT much affected by rising prices.
  • A. Salaried persons
  • B. Business
  • C. Debtors
  • D. Importers
9 The equation of exchange PT =MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes
10 The quantity demanded of money rises.
  • A. As the intrest rate falls
  • B. As the intrest rate rises
  • C. As the supply of money falls
  • D. As the number of banks rises

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