Money and Value of Money Test 6 Mcqs Online Preparation

1. Velocity of circulation of money means the number of times a unit of money?

A. Changes purchasing power

B. Changes hands monthly

C. Changes hands annually

D. Changes hands daily

2. It is a kind of money?

A. Discredit money

B. Trust money

C. Credit money

D. False money

3. In payment of debt, people can use this kind of money?

A. Real money

B. (a) and (b) of the above

C. Credit money

D. Legal money

4. Purchasing power of money during deflation is?

A. Increased

B. Fluctuating

C. Reduced

D. Constant

5. The equation of exchange PT = MV was given by?

A. Fisher

B. Kuznet

C. Keynes

D. Crowther

6. When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of circulation money is?

A. 0.25

B. 4 billion rupees

C. 4

D. 0.4

7. It is included in kinds of money?

A. Credit money

B. Token money

C. All of the above

D. Legal money

8. When value of money falls, they benefit more?

A. Debtors

B. Farmers

C. Industrialist

D. Lenders

9. Value of money in Pakistan is determined by?

A. Value of doller

B. State Bank

C. General price level

D. Govt. of Pakistan

10. Which one is equation of exchange?

A. PM = TV

B. None of these

C. PT = MV

D. PV = MT

Money and Value of Money Test 6 Mcqs Online Preparation

Leave a Reply Cancel reply