Monetary Economics Model Questions

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Inflation means

    (a)

    Prices are rising

    (b)

    Prices are falling

    (c)

    Value of money is increasing

    (d)

    Prices are remaining the same

  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. When prices are raised drastically(rapidly) we call it

    (a)

    Galloping inflation

    (b)

    Mild inflation

    (c)

    Hyper Inflation

    (d)

    Deflation

  5. Inflation is taxation without legislation' was said by______

    (a)

    Rudi Dorbush

    (b)

    Adam smith

    (c)

    Milton Friedman

    (d)

    Alfred Marshall

  6. 5 x 1 = 5
  7. Medium of exchange

  8. (1)

    CRR

  9. Goods exchange for goods

  10. (2)

    M1,M2,M3 & M4

  11. Money supply

  12. (3)

    CRR

  13. Cash Reserve Ratio

  14. (4)

    Barter system

  15. M1

  16. (5)

    Currency and coins

    5 x 2 = 10
  17. What is plastic money? Give example.

  18. Define inflation.

  19. What is Stagflation?

  20. Name the categories of the functions of money.

  21. What are the two equations of Fisher's Quantity Theories of Money?

  22. 5 x 3 = 15
  23. State Cambridge equations of value of money.

  24. Explain disinflation

  25. What are the components of Money Supply?

  26. Explain the history of Barter System.

  27. Write a note on paper currency standard

  28. 3 x 5 = 15
  29. Describe the phases of Trade cycle.

  30. Explain the Secondary Functions.

  31. 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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