Tag: economics

Questions Related to economics

Which of the following are the seven parts of the financial system?

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. Financial instruments, credit cards, financial instruments, regulatory agencies, central banks, Federal reserve System, money

  2. Financial instruments, money, financial instruments, the Security and Exchange Commission, central banks, Federal Reserve System, credit cards

  3. Money, financial instruments, financial markets, financial institutions, regulatory agencies, central banks, Federal Reserve System

  4. Money, financial instruments, financial markets, banks, regulatory agencies, central banks, Federal Reserve System, credit cards

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Correct Option: C

In present days, the use of credit money like ___________ is expanding widely.

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. cheque

  2. draft

  3. bill of exchange

  4. all of the above

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Correct Option: D

The relatively less important functions of money are called __________.

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. secondary function

  2. derived functions

  3. both (A) and (B)

  4. derivative function

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Correct Option: C

Which of the following are the Contingent functions of money?

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. Basis of credit

  2. Distribution of national income

  3. General form of Capital

  4. All of above

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Correct Option: D

________ has mentioned contingent functions of money.

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. Prof. Keynes

  2. Prof. Kinley

  3. Prof. Marshall

  4. Prof. Frisch

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Correct Option: B

The transaction approach to the Quantity Theory of Money is given by _________.

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. Frisch

  2. Fisher

  3. Finlay

  4. Fredrick

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Correct Option: B

As per Irving Fisher principle, if the quantity of money is reduced by one half  ________.

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. the price level will also be reduced by one half

  2. value of money will be twice

  3. the price level will be double and the value of money will be one half

  4. the price level will also be reduced by one half and value of money will be double.

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Correct Option: D

The transaction approach to the "Quantity Theory of Money" is given by ____________.

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. Frisch

  2. Fisher

  3. Finlay

  4. Fredrick

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Correct Option: B

Functions of money doesn't include:

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. Medium of exchange

  2. Store of value

  3. Measure of value

  4. Employment generation

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Correct Option: D

Which of the following statements about Money is incorrect?

economics theories of distribution functions of money value, nature and functions of money liquidity preference and profit

  1. There are many assets which carry the attribute of money.

  2. Money is what money does.

  3. Value of money remains constant at all periods of time

  4. None of the above

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Correct Option: C