General Economics MCQs

M

Mr. Dubey • 51.67K Points
Coach

Q 11. In the Quantity Theory of Money, Fischer states that while other things remains the same:

(A) Price level varies directly with the quantity of money
(B) Price level varies inversely with the quantity of money
(C) Value of money varies directly with the quantity of money
(D) None of the above

M

Mr. Dubey • 51.67K Points
Coach

Q 12. Which of the following is a concept of ‘broad money”:

(A) M1
(B) M2
(C) M3
(D) All of the above

M

Mr. Dubey • 51.67K Points
Coach

Q 13. People are said to be suffered from “money illusion” since:

(A) People merely consider with nominal money holdings
(B) People consider the real money balances
(C) Both A and B
(D) None of the above

M

Mr. Dubey • 51.67K Points
Coach

Q 14. Demand for money arises from

(A) Money acts as a medium of exchange
(B) Money acts as a store of value
(C) Both A and B
(D) Neither A nor B

M

Mr. Dubey • 51.67K Points
Coach

Q 15. In the case of a ‘token money’

(A) Face value is less than the metal value
(B) Face value is equal to the metal value
(C) Face value is greater than the metal value
(D) None of the above

M

Mr. Dubey • 51.67K Points
Coach

Q 16. In the case of a ‘full bodied money’:

(A) Intrinsic value is less than face value
(B) Intrinsic value is equal to face value
(C) Intrinsic value is greater than face value
(D) None of the above

M

Mr. Dubey • 51.67K Points
Coach

Q 17. In India the standard money is

(A) Gold coins
(B) Rupee
(C) Dollar
(D) Paisa

M

Mr. Dubey • 51.67K Points
Coach

Q 18. The most liquid form of all assets is

(A) Bonds
(B) Debentures
(C) Bill of exchange
(D) Currency note

M

Mr. Dubey • 51.67K Points
Coach

Q 19. Which of the following is a primary function of money?

(A) Measure of value
(B) Store of value
(C) Standard of deferred payments
(D) Basis of credit

M

Mr. Dubey • 51.67K Points
Coach

Q 20. ‐‐‐‐‐‐ is not an example of ‘near money’

(A) Bill of exchange
(B) Treasury bills
(C) Bond
(D) Currency notes

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