11th Principles of Economics MCQS Chapter 10

During inflation prices are

Zero

Constant

Low

Increase

The money whose face value and intrinsic value are equal, is called

Standard money

Token money

Paper money

Credit money

By which money business dealing has become easy

Paper money

Metalic money

Near money

Credit money

Anything which is generally accepted as a medium of exchange and also performs the functions of standard of value and a store of value is money
This definition of money is stated by

Prof Marshall

Prof Pigou

Prof Crowther

Prof Walker

The money which is not in the form of net cash and is not used at once for business dealing is called

Legal Tender money

Paper money

Credit money

Near money

Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods. This definition is stated by the

Prof Marshall

Culberon

Walker

Stanlay Fisher

Functions of money are

All the three

Medium of exchange

Common measure of value

Store of value

Relationship of level of prices and quantity of money

Negative

Positive

2nd and 3rd both

Indirect

Net National product is equal to

GNP – Depreciation expenditure

GNP + Depreciation expenditure

GDP – Depreciation expenditure

GDP + Depreciation expenditure

Disadvantages of paper money are

Possibility of inflation

All the three

Possibility of wastage

Unstable value