CSS :: Money and Value of Money
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71. |
Which people are most likely to gain during inflation? |
A. |
Those living on pension |
B. |
Those living on their savings |
C. |
Those who are repaying borrowed money |
D. |
Those who have lent money |
Answer: Option C
Explanation:
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72. |
If quantity of money increases 100%, other things remaining constant, value of money changes by: |
A. |
Increases by 100% |
B. |
Decreases by 100% |
C. |
Decreases by 200% |
D. |
Does not change |
Answer: Option B
Explanation:
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73. |
For the economy, prices are beneficial: |
A. |
Falling slowly |
B. |
Rising slowly |
C. |
Rising fast |
D. |
Falling fast |
Answer: Option B
Explanation:
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74. |
According to Keynes people demand money for purposes (motives): |
Answer: Option C
Explanation:
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75. |
Value of money means: |
A. |
Gold purchased by money |
B. |
General purchasing power of money |
C. |
Importance of money |
D. |
Demand for money |
Answer: Option B
Explanation:
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76. |
Value of money and supply of money are related: |
A. |
Inversely |
B. |
Directly |
C. |
Govt. law |
D. |
Are not related |
Answer: Option A
Explanation:
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77. |
They are not affected badly by rising prices: |
A. |
Salaried persons |
B. |
Businessmen |
C. |
Debtors |
D. |
Importers |
Answer: Option B
Explanation:
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78. |
Inflation: |
A. |
Makes distribution of income equal |
B. |
Makes distribution of income unequal |
C. |
Has no effect on distribution of income |
D. |
Affects only industrial sector |
Answer: Option B
Explanation:
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79. |
It is assumption of quantity theory of money: |
A. |
Quantity of traded goods increases |
B. |
Velocity of circulation of money constant |
C. |
Govt. imposes new taxes |
D. |
(a) and (b) of the above |
Answer: Option B
Explanation:
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80. |
If we put this letter in the blank space, we get quantity theory of money PY = M |
Answer: Option C
Explanation:
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