11th Principles of Economics MCQS
What is money
Agricultural crops
Paper money
Coins of gold and silver
Everything which can be used as a medium of exchange
The money whose face value and intrinsic value are different
Standard money
Token money
Near money
Legal money
According to quantity theory of money doubling the quantity of money, prices
Decrease
Double
One half
Increase
Inflation will be useful for
Industrialist
Penioners
Consumers
Labourers
Money is a thing by which payments of agreements of borrowing and pricing are made and general purchasing power is stored in it. This definition of money is stated by the economist
Prof Walker
Prof Crowther
Prof Keynes
Prof Marshall
Quantity theory of money in the form of an equation was presented by
Prof Fisher
Prof Marshall
Prof Taussig
Prof Renald
Cheque, bill of exchange etc are
Metallic money
Near money
Credit money
Paper money
Saving deposits and time deposits of the banks, Govt. securities and shares of the companies are called
Standard money
Token money
Money of account
Near money
The coins whose current price is greater than their intrinsic value, are called
Credit money
Standard coins
Token money
Paper money
Which kind of budget is better during the situation of deflation
Surplus budget
National budget
Deficit budget
Balanced budget
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