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	During depression	Employment increases Prices decrease Profit increases Prices increase
2	During boom	Business contracts Unemployment increase Profit decreases Profit increases
3	Modern theory of trade cycles is presented by	Prof Schumpeter Prof Keynes Prof Hawtrey Prof Hicks and Samuelson
4	Inflation will be useful for	Labourers Consumers Penioners Industrialist
5	During inflation prices are	Zero Low Increase Constant
6	Net National product is equal to	GNP + Depreciation expenditure GDP + Depreciation expenditure GNP - Depreciation expenditure GDP - Depreciation expenditure
7	Which is considered as a transfer payment	wages salaries prices unemployment allowances
8	The purchasing power of money is called	value of money Medium of exhange quantity of money credit money
9	Note of 500 rupees is	token money credit money convertible paper money inconvertible paper money
10	If face value is equal to the metal value of a coin, it is called as	Paper money Token money Credit money Standard money
11	The money whose face value and intrinsic value are different	Token money Standard money Legal money Near money
12	When there is deflation, then prices	Increase Decrease Remain constant do not change
13	By which money business dealing has become easy	Metalic money Paper money Credit money Near money
14	Cheque, bill of exchange etc are	Metallic money Paper money Credit money Near money
15	Which money is not legally backed	Metallic money Paper money Credit money Near money

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