11th Principles of Economics MCQS
According to quantity theory of money one halving the quantity of money prices
Increase
Decrease
Double
One half
One of the following is not advantage of paper money
Saving of metals
Easy transferability
Saving of coinage
Perfectly inelastic supply
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
Basic characteristics of good money are
Transferability, recognizability, convertibility
Homogeneity,divisibility
All
General acceptability, durability
One of the following is not fiscal measure to control inflation
Increase in investment
Increase in taxes
Encouragement of savings
Decrease in public expenditures
Which money is not legally backed
Metallic money
Credit money
Near money
Paper money
World economic depression accured in
1927
1929
1928
1931
The purchasing power of money is called
Medium of exhange
quantity of money
value of money
credit money
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