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Published on: 02/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Economics Subject - Monetary Economics , English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Economics Test
1.
The exchange of one good for another without the use of money is called______
Supply of Money
Inflation
Deflation
Barter
2.
The general form of equation given by fisher is______
MV=PT
M = KPY
N= P/K
None of the above
3.
"The purchasing power of money" was a book published by________in 1911
J.M. Keynes
Irving Fisher
Adam smith
Ricardo
4.
Fisher's Quantity theory of Money was first propounded in 1588 by an Italian economist.
Davanzatti
Malthus
Ricardo
Harry Dexter White
5.
India is the________ country to accept a unique currency symbol.
4th
6th
5th
7th
6.
The symbol of India rupee came into use on________
15th July, 2010
16th July, 2010
15th June, 2010
16th June, 2010
7.
In India, currency notes are issued by the_______
State Bank
RBI
World Bank
SBI
8.
Money supply means the total amount of money in_____
world
state
country
economy
9.
Money is the most liquid form of______.
revenue
capital
both 'a' and 'b'
none of the above
10.
Barter system was introduced by________
Mesopetamia tribes
Babylonian's
Both 'a' and 'b'
None of the above
11.
'Inflation is taxation without legislation' was said by______
Rudi Dorbush
Adam smith
Milton Friedman
Alfred Marshall
12.
When prices are raised drastically(rapidly) we call it
Galloping inflation
Mild inflation
Hyper Inflation
Deflation
13.
During inflation, who are gainers?
Creditors
Wage and salary earners
Government
Business men
14.
Deflation means
Prices are rising
Prices are falling
Value of money is increasing
Prices are remaining the same
15.
Liquid form of assets
Bills of payment
Gold
Money
Silver
1.
(d)
Barter
2.
(a)
MV=PT
3.
(b)
Irving Fisher
4.
(a)
Davanzatti
5.
(c)
5th
6.
(a)
15th July, 2010
7.
(b)
RBI
8.
(d)
economy
9.
(b)
capital
10.
(a)
Mesopetamia tribes
11.
(c)
Milton Friedman
12.
(c)
Hyper Inflation
13.
(d)
Business men
14.
(b)
Prices are falling
15.
(c)
Money
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