Monetary Economics Model Question Paper

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Money is

    (a)

    acceptable only when it has intrinsic value

    (b)

    constant in purchasing power

    (c)

    the most liquid of all assets

    (d)

    needed for allocation of resources

  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. Fisher's Quantity theory of Money was first propounded in 1588 by an Italian economist.

    (a)

    Davanzatti

    (b)

    Malthus

    (c)

    Ricardo

    (d)

    Harry Dexter White

  6. 5 x 2 = 10
  7. Define Money

  8. What is commodity money?

  9. What is Stagflation?

  10. How does money increases productivity of capital?

  11. Write a short note on currency symbol in India

  12. 5 x 3 = 15
  13. Write a note on metallic money

  14. What are the determinants of money supply?

  15. State Cambridge equations of value of money.

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

  17. What is money? Explain the three functions that money performs. Which one is the primary function of money?

  18. 4 x 5 = 20
  19. Explain the functions of money

  20. Describe the phases of Trade cycle.

  21. Explain the evolution of money.

  22. Consider M = Rs. 1000. M’ = Rs. 500, V = 3, V’ = 2, T = 4000 goods and Find the value of money using Fisher’s quantity theory of

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