Economics Money Banking and International Trade Test 1 Mcqs Preparation Online Money Banking and International Trade Test 1 Mcqs Preparation Online 1. The limited legal-tender money stands for the component of money which?A. Is issued in a limited amount B. Is legal tender for payment upto a certain maximum amount C. Is legal tender in specified areas D. Is to be used in specific transactions Loading... 2. When the commodity value of money and its value as money are equal, it is called?A. Token money B. Quasi-money C. Full-bodied money D. Fiat money Loading... 3. Fiat money refers to?A. Credit money B. International moneyC. Legal money D. Full bodied money Loading... 4. Bad money drives good money out of circulation. With whole name is this law associated?A. L.E.Mises B. J.M.Keynes C. Thomas Gresham D. R.G.Hawtrey Loading... 5. Which of the following is not a function of money?A. Stabilization of price levelB. Standard of deferred payments C. Medium of exchange D. Unit of account Loading... 6. The best example of representative full-bodied money is found in the 'gold certificates' which circulated in the U.S.A. before being withdrawn from circulation in?A. 1927 B. 1929 C. 1925 D. 1933 Loading... 7. Which one of the following approaches to the definition of money gives the widest possible view of money?A. Gurley Shaw approachB. Conventional approach C. Chicago approach D. Central bank approach Loading... 8. Which one of the following is an example of quasi-money or near-money?A. Cheque B. Bills of exchange C. Bank notes D. Coins Loading... 9. As compared to the classical theory, which function of money was stressed more in the Keynesian theory?A. Medium of exchange B. Standard of deferred payments C. Unit of account D. Store of value Loading... 10. Money has been defined as 'that by delivery of which debt contracts and price contracts are discharged, and in the the shape of which general purchasing power is held'. Whole definition is this?A. G. Crowther B. George N.HalmC. J.M.KeynesD. D.H.Robertson Loading... Loading... Related PostsMoney Banking and International Trade Test 2 Mcqs…Money Banking and International Trade Test 3 Mcqs…Money Banking and International Trade Test 4 Mcqs…Money Banking and International Trade Test 5 Mcqs…Money Banking and International Trade Test 6 Mcqs…Money Banking and International Trade Test 7 Mcqs… Continue Reading Previous National Income Test 7 Online Mcqs PreparationNext Money Banking and International Trade Test 2 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ