CSS :: Money and Value of Money
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| 51. |
It is a kind of money: |
| A. |
Credit money |
B. |
Discredit money |
| C. |
Trust money |
D. |
False money |
Answer: Option A
Explanation:
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| 52. |
It is included in kinds of money: |
| A. |
Legal money |
B. |
Credit money |
| C. |
Token money |
D. |
All of the above |
Answer: Option D
Explanation:
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| 53. |
In payment of debt, people can use this kind of money: |
| A. |
Legal money |
B. |
Credit money |
| C. |
Real money |
D. |
(a) and (b) of the above |
Answer: Option D
Explanation:
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| 54. |
Purchasing power of money during deflation is: |
| A. |
Reduced |
B. |
Increased |
| C. |
Constant |
D. |
Fluctuating |
Answer: Option B
Explanation:
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| 55. |
Velocity of circulation of money means the number of times a unit of money |
| A. |
Changes hands daily |
B. |
Changes hands monthly |
| C. |
Changes hands annually |
D. |
Changes purchasing power |
Answer: Option C
Explanation:
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| 56. |
The equation of exchange PT = MV was given by: |
| A. |
Fisher |
B. |
Crowther |
| C. |
Kuznet |
D. |
Keynes |
Answer: Option A
Explanation:
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| 57. |
Value of money in Pakistan is determined by: |
| A. |
Govt. of Pakistan |
B. |
State Bank |
| C. |
General price level |
D. |
Value of doller |
Answer: Option C
Explanation:
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| 58. |
When value of money falls, they benefit more: |
| A. |
Farmers |
B. |
Industrialist |
| C. |
Lenders |
D. |
Debtors |
Answer: Option D
Explanation:
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| 59. |
When the nation's money supply is Rs. 1200 billion and GDP is Rs. 4800 billion, velocity of circulation money is: |
Answer: Option B
Explanation:
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| 60. |
Which one is equation of exchange? |
| A. |
PT = MV |
B. |
PV = MT |
| C. |
PM = TV |
D. |
None of these |
Answer: Option A
Explanation:
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