Money and Value of Money Test 7 Mcqs Online Preparation Leave a Comment / Economics / By Malik Asghar Money and Value of Money Test 7 Mcqs Online Preparation 1. According to Keynes, demand for money is affected by?A. Both (a) & (b)B. Rate of interest C. Income D. Literacy rate Loading... 2. In Pakistan, in the year 2007-08, money supply was about?A. UncountableB. Rs. 3400 million C. Rs. 3400 billion D. Rs. 3400 trillion Loading... 3. Paper money is called fiat money because?A. It is light weightB. It can be easily printed C. It is issued with authority of government D. It is convertible into gold Loading... 4. Inflation can be controlled by applying?A. All of the aboveB. Fiscal and commercial policies C. Monetary and fiscal policies D. Monetary and labour policy Loading... 5. The quantity demanded of money rises?A. As the number of banks risesB. As the interest rate falls C. As the interest rises D. As the supply of money falls Loading... 6. Inflation is a situation when?A. Prices of some goods rise B. General price level rises continuously C. Prices rise and fallD. Prices double every year Loading... 7. Banks discount it and advance loans?A. Draft B. Bill of exchange C. GoldD. Pay order Loading... 8. During inflation?A. Lenders lose, borrowers gain B. Borrowers lose, lenders gain C. All sections of the society gainD. Borrowers and lenders both lose Loading... 9. Under normal circumstances, the velocity of circulation of money in a country is?A. 100% B. Less than 10 C. Negative D. Zero Loading... Loading... Related NTS Results Post:Biology Mcqs Test 15 Online PreparationIslamiat Mcqs Test 02 Online PreparationIslamiat Mcqs Test 03 Online PreparationChemistry MCQs Test 07 Online PreparationChemistry MCQs Test 06 Online PreparationChemistry MCQs Test 05 Online PreparationBiology Mcqs Test 14 Online PreparationBiology Mcqs Test 13 Online Preparation
