Q. In the case of paper currency
✅ Correct Answer: (B)
Intrinsic value is less than face value
General Economics MCQs and Notes
Q. Which one of the following is an example of “fiat money?”
✅ Correct Answer: (D)
Currency notes
Q. Assertion (A): Necessity led to the invention of money. Reason(R) : Barter system failed to perform the major functions of money.
✅ Correct Answer: (C)
Both (A) and (R) are true and (R) is the correct explanation of (A)
Q. Which of the following is not correctly matched?
✅ Correct Answer: (C)
Grains – used as money by the agricultural society
Q. Find the odd man out with reference to money
✅ Correct Answer: (C)
Cattles
Q. Which of the following is not related to commodity money?
✅ Correct Answer: (D)
There was no problem of coincidence of wants
Q. Which one of the following is related to the commodity money?
✅ Correct Answer: (D)
All of the above
Q. The objective of ‘inclusive growth’ was first used in which of the following plans?
✅ Correct Answer: (D)
Eleventh
Q. A major shift in the Eighth Five Year Plan from it preceding ones was:
✅ Correct Answer: (B)
Major investment in agriculture with a view to promoting exports
Q. The main model that formed the basis of the strategy of the Second Five Year Plan was formulated by :
✅ Correct Answer: (B)
PC. Mahalonobis