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	Which one of the following does not exist during deflation	Production decreases Value of money increases Supply of goods and services increases from their demand Level of employment increases
2	World economic depression accured in	1927 1928 1929 1931
3	One of the following is not fiscal measure to control inflation	Decrease in public expenditures Increase in taxes Encouragement of savings Increase in investment
4	One of the following is not monetary measure to control inflation	Increase in bank rate Open market operation Increase in ratio of reserve capital To create constant situation
5	One of the following is not the cause of inflation	Increase in quantity of money Increase in demand for goods Increase in supply of goods Increase in cost of production
6	During inflation increase	Exports Savings Consumption Inequality of income
7	Inflation is created	When demand for goods is less than their supply When demand for goods is more than their supply When demand for goods becomes equal to their supply When demand and supply of goods do not change
8	Prof Fisher presented quantity theory of money in the form of an equation in	1905 1911 1915 1917
9	Quantity theory of money in the form of an equation was presented by	Prof Fisher Prof Taussig Prof Marshall Prof Renald
10	According to quantity theory of money, if quantity of money is doubled then prices are doubled while value of money is	Doubled One halved Less than one halved Not influenced
11	Relationship of value of money with quantity of money is	Direct Indirect Inverse Positive
12	Value of money means purchasing power of money. If quantity of money is doubled then	Purchasing power of money will be one halved Purchasing power of money will be doubled Purchasing power of money will be tripled There will be no effect on the purchasing power of money
13	Quantity theory of money failed during world economic depression	In 1920 In 1925 In 1929 In 1935
14	Quantity theory of money was criticised by	Prof. Keynes Prof Marshall Prof Pigou i and ii both
15	Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist	Prof Taussing Prof Fisher Prof Crowther Prof Marshall

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