Liquid form of assets

(a)

Bills of payment

(b)

Gold

(c)

Money

(d)

Silver

Deflation means

(a)

Prices are rising

(b)

Prices are falling

(c)

Value of money is increasing

(d)

Prices are remaining the same

During inflation, who are gainers?

(a)

Creditors

(b)

Wage and salary earners

(c)

Government

(d)

Business men 

When prices are raised drastically(rapidly) we call it

(a)

Galloping inflation

(b)

Mild inflation

(c)

Hyper Inflation

(d)

Deflation

'Inflation is taxation without legislation' was said by______

(a)

Rudi Dorbush

(b)

Adam smith

(c)

Milton Friedman

(d)

Alfred Marshall

Barter system was introduced by________

(a)

Mesopetamia tribes

(b)

Babylonian's

(c)

Both 'a' and 'b'

(d)

None of the above

Money is the most liquid form of______.

(a)

revenue

(b)

capital

(c)

both 'a' and 'b'

(d)

none of the above

Money supply means the total amount of money in_____

(a)

world

(b)

state

(c)

country

(d)

economy

In India, currency notes are issued by the_______

(a)

State Bank

(b)

RBI

(c)

World Bank

(d)

SBI

The symbol of India rupee came into use on________

(a)

15th July, 2010

(b)

16th July, 2010

(c)

15th June, 2010

(d)

16th June, 2010

India is the________ country to accept a unique currency symbol.

(a)

4^th

(b)

6^th

(c)

5^th

(d)

7^th

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

"The purchasing power of money" was a book published by________in 1911

(a)

J.M. Keynes

(b)

Irving Fisher

(c)

Adam smith

(d)

Ricardo

The general form of equation given by fisher is______

(a)

MV=PT

(b)

M = KPY

(c)

N= P/K

(d)

None of the above

The exchange of one good for another without the use of money is called______

(a)

Supply of Money

(b)

Inflation

(c)

Deflation

(d)

Barter