Money and Value of Money Test 7 Mcqs Online Preparation Malik Asghar — April 23, 2018 in Economics • add comment Money and Value of Money Test 7 Mcqs Online Preparation 1. Under normal circumstances, the velocity of circulation of money in a country is?A. ZeroB. Less than 10 C. 100% D. Negative Loading... 2. Banks discount it and advance loans?A. Pay order B. Bill of exchange C. GoldD. Draft Loading... 3. The quantity demanded of money rises?A. As the interest rises B. As the number of banks risesC. As the interest rate falls D. As the supply of money falls Loading... 4. Paper money is called fiat money because?A. It is convertible into gold B. It is issued with authority of government C. It is light weightD. It can be easily printed Loading... 5. In Pakistan, in the year 2007-08, money supply was about?A. Rs. 3400 trillion B. Rs. 3400 million C. UncountableD. Rs. 3400 billion Loading... 6. Inflation is a situation when?A. Prices double every year B. General price level rises continuously C. Prices of some goods rise D. Prices rise and fall Loading... 7. During inflation?A. Borrowers and lenders both lose B. All sections of the society gainC. Lenders lose, borrowers gain D. Borrowers lose, lenders gain Loading... 8. According to Keynes, demand for money is affected by?A. Both (a) & (b)B. Income C. Rate of interest D. Literacy rate Loading... 9. Inflation can be controlled by applying?A. Fiscal and commercial policies B. Monetary and fiscal policies C. Monetary and labour policy D. All of the above Loading... Loading... Related NTS Results Post:Biology Mcqs Test 10 Online PreparationBiology Mcqs Test 15 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 06 Online PreparationBiology Mcqs Test 07 Online PreparationBiology Mcqs Test 13 Online Preparation
