11th Principles of Economics MCQS
kinds of money are
Three
Five
Four
Seven
______ is not considered perfect money
Note of ten rupees
Piece of silver
Note of hundred rupees
Note of one thousand rupees
Prof Fisher presented quantity theory of money in the form of an equation in
1911
1917
1915
1905
Equation of relationship between quantity of money and value of money, MV=PT is presented by the economist
Prof Fisher
Prof Taussing
Prof Crowther
Prof Marshall
The unit of money by which the value of goods and services is expressed is called
Legal tender money
Near money
Paper money
Money of account
All Pakistani coins are
Convertible money
Inconvertible money
Token money
Standard money
One of the following is not the cause of deflation
Increase in quantity of money
Decrease in consumption
Increase in supply of goods
Decrease in demand for goods
Notes and coins are legal tender money because
Government keeps gold and silver in their exchange
People are bound to accept them
They are issued by the commercial banks
They are issued by the central bank
One of the following is not the method to control deflation
Decrease in income tax
Decrease in public expenditures
increase in exports
Decrease in interest rate
Note of 500 rupees is
credit money
token money
convertible paper money
inconvertible paper money
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