#### Monetary Economics Book Back Questions

12th Standard EM

Reg.No. :
•
•
•
•
•
•

Economics

Time : 00:45:00 Hrs
Total Marks : 30
5 x 1 = 5
1. The RBI Headquarters is located at

(a)

Delhi

(b)

Chennai

(c)

Mumbai

(d)

Bengaluru

2. Inflation means

(a)

Prices are rising

(b)

Prices are falling

(c)

Value of money is increasing

(d)

Prices are remaining the same

3. ___________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

4. Stagflation combines the rate of inflation with

(a)

Stagnation

(b)

employment

(c)

output

(d)

price

5. “Money can be anything that is generally acceptable as a means of exchange and that thesame time acts as a measure and a store of value”, This definition was given by

(a)

Crowther

(b)

A.C.Pigou

(c)

F.A.Walker

(d)

Francis Bacon

6. 3 x 2 = 6
7. Define Money

8. What is gold standard?

9. What is Stagflation?

10. 3 x 3 = 9
11. Write a note on metallic money

12. Write the types of inflation

13. Explain disinflation

14. 2 x 5 = 10
15. Illustrate Fisher’s Quantity theory of money.

16. Describe the phases of Trade cycle.