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Monetary Economics Model Question Paper 1

12th Standard EM

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. __________inflation results in a serious depreciation of the value of money.

    (a)

    Creeping

    (b)

    Walking

    (c)

    running

    (d)

    Hyper

  2. ___________inflation occurs when general prices of commodities increases due to increase in production costs such as wages and raw materials.

    (a)

    Cost-push

    (b)

    demand pull

    (c)

    running

    (d)

    galloping

  3. The study of alternating fluctuations in business activity is referred to in Economics as

    (a)

    Boom

    (b)

    Recession

    (c)

    Recovery

    (d)

    Trade cycle

  4. Inflation is taxation without legislation' was said by______

    (a)

    Rudi Dorbush

    (b)

    Adam smith

    (c)

    Milton Friedman

    (d)

    Alfred Marshall

  5. Barter system was introduced by________

    (a)

    Mesopetamia tribes

    (b)

    Babylonian's

    (c)

    Both 'a' and 'b'

    (d)

    None of the above

  6. 5 x 2 = 10
  7. What is commodity money?

  8. What is gold standard?

  9. What is Stagflation?

  10. What are the function of Money?

  11. How does Money facilitate the distribution of National Income?

  12. 5 x 3 = 15
  13. Write the types of inflation

  14. Explain Demand-pull and Cost push inflation.

  15. Explain “The Keynes Equation” Keynes equation is expressed as:

  16. Explain any three main causes of inflation in India.

  17. Explain Effects on Production of Inflation.

  18. 4 x 5 = 20
  19. Illustrate Fisher’s Quantity theory of money.

  20. What are the causes and effects of inflation on the economy?

  21. Compare and contrast inflation and deflation.

  22. Explain the evolution of money.

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