11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Phases of trade cycle are:	Three Four Five Six
2	Cheque is which kind of money:	Credit money Paper money Standard money Legal money
3	The first great depression was appeared in:	1934 1930 1932 1936
4	Recent international depression was appeared in:	1936 1990 2005 2008
5	Inflation can be controlled by:	Fiscal policy Monetary policy Trade policy Both a and b
6	When there is inflation attached with high unemployment level, it is called ?	Stagflation Hyper inflation Demand pull inflation Cost push inflation
7	When general price level increases due to increase in cost of production, it is known as ?	Stagflation Hyper inflation Demand pull inflation Cost push inflation
8	When general price level increases due to increase in aggregate demand, it is known as?	Stagflation Hyper inflation Demand pull inflation Cost push inflation
9	Deflation means:	Rapid increase in price level General decrease in price level General increase in price level Both a and c
10	The term "inflation" means:	Rapid increase in price level Decrease in price level General increase in price level Both a and c
11	Quantity theory of money was criticized by:	Marshall Sameulson Keynes Both b and c
12	The relation between quantity of money and price is:	Positive Negative Direct Inverse
13	The relation between quantity of money and value of money is:	Positive Negative Direct Inverse
14	Quantity theory of money was introduced in an equation by:	Fisher Marshall Crowther Tausigg
15	Quantity theory of money was introduced by:	Fisher Marshall Crowther J.S Mill

Download This Set