Monetary Economics Model Question Paper

12th Standard EM

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Economics

Time : 02:00:00 Hrs
Total Marks : 50
    6 x 1 = 6
  1. The RBI Headquarters is located at

    (a)

    Delhi

    (b)

    Chennai

    (c)

    Mumbai

    (d)

    Bengaluru

  2. MV stands for

    (a)

    demand for money

    (b)

    supply of legal tender money

    (c)

    Supply of bank money

    (d)

    Total supply of money

  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. When prices rise slowly, we call it

    (a)

    galloping inflation

    (b)

    mild inflation

    (c)

    hyper inflation

    (d)

    deflation

  6. Liquid form of assets

    (a)

    Bills of payment

    (b)

    Gold

    (c)

    Money

    (d)

    Silver

  7. 5 x 1 = 5
  8. Barter system

  9. (1)

    Curreny into fixed amount of silver

  10. Silver standard

  11. (2)

    CRR

  12. Medium of exchange

  13. (3)

    M2 + Time deposits

  14. Money supply

  15. (4)

    M1,M2,M3 & M4

  16. M3

  17. (5)

    Mesopotamia

    2 x 2 = 4
  18. Assertion (A) : Inflation is a rise in general price level
    Reason (R) : The purchasing power of currency is falling
    (a) Both A and R is true and R is correct explanation to A
    (b) Both A and R is true and R is not the correct explanation to A
    (c) A is false but R is true.
    (d) A is true but R is false

  19. Fssertion (A):adopted by the Central Bank.
    Reason (R) : Fiscal policy is now recognized2as an important instrument to tackle an inflationary situation.
    (a) Both A and R is true and R is not the correct explanation to A
    (b) Both A and R is true and R is the correct explanation to A
    (c) A is true but R is false.
    (d) A is false but R is true

  20. 5 x 2 = 10
  21. Define Money

  22. What is commodity money?

  23. What is plastic money? Give example.

  24. What is Stagflation?

  25. What is Narrow money?

  26. 5 x 3 = 15
  27. Write a note on metallic money

  28. What are the determinants of money supply?

  29. Write the types of inflation

  30. Explain disinflation

  31. What are the components of Money Supply?

  32. 2 x 5 = 10
  33. Explain the functions of money

  34. Describe the phases of Trade cycle.

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