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. 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... 2. Paper money is called fiat money because?A. It is light weightB. It is convertible into gold C. It is issued with authority of government D. It can be easily printed Loading... 3. Banks discount it and advance loans?A. GoldB. Draft C. Bill of exchange D. Pay order Loading... 4. Inflation is a situation when?A. Prices rise and fallB. Prices double every year C. General price level rises continuously D. Prices of some goods rise Loading... 5. Inflation can be controlled by applying?A. Monetary and labour policy B. Monetary and fiscal policies C. All of the aboveD. Fiscal and commercial policies Loading... 6. According to Keynes, demand for money is affected by?A. Both (a) & (b)B. Literacy rate C. Income D. Rate of interest Loading... 7. During inflation?A. Borrowers and lenders both lose B. All sections of the society gainC. Borrowers lose, lenders gain D. Lenders lose, borrowers gain Loading... 8. Under normal circumstances, the velocity of circulation of money in a country is?A. 100% B. Negative C. Less than 10 D. Zero Loading... 9. The quantity demanded of money rises?A. As the interest rises B. As the interest rate falls C. As the number of banks risesD. As the supply of money falls Loading... Loading... Related NTS Results Post:Money and Value of Money Test 8 Mcqs Online PreparationMoney and Value of Money Test 05 Mcqs Preparation OnlineMoney and Value of Money Test 04 Mcqs Preparation OnlineMoney and Value of Money Test 6 Mcqs Online PreparationMoney and Value of Money Test 03 Mcqs Preparation OnlineMoney and Value of Money Test 01 Mcqs Preparation OnlineMoney and Value of Money Test 02 Mcqs Preparation OnlineMoney Banking and International Trade Test 6 Mcqs…
