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Political Science
Economics
Geography
History
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Question-1
Currency with the public is known as
(A)
M1
(B)
M2
(C)
M3
(D)
M4
Question-2
Which of the following is not a function of money?
(A)
Unit of account
(B)
Medium of exchange
(C)
Store of value
(D)
Intermediation
Question-3
The two broad monetary standards found in the history of money are
(A)
Gold standard and silver standard
(B)
Bimetallism and trimetallism
(C)
Monometallism and bimetallism
(D)
Commodity standard and paper-money standard
Question-4
A coincidence of wants happens exists when
(A)
Two people want the same thing at the same time
(B)
One person wants to but two different things at the same time
(C)
The individual who has what I want, also wants what I have
(D)
All the above
Question-5
What are the modern forms of money?
(A)
Currency
(B)
Plastic money
(C)
Demand deposits
(D)
All the above
Question-6
“Bad money drives good money out of circulation.” This is a statement of
(A)
Monetary policy rule
(B)
Okun’s law
(C)
Gresham’s law
(D)
The paradox of thrift
Question-7
M3 and M4 measure of money supply is
(A)
Narrow
(B)
Broad
(C)
Liquid
(D)
Least liquid
Question-8
For an asset to act as money, the asset must
(A)
Be legally accepted as a medium of exchange
(B)
Be commonly accepted by the public as a medium of exchange
(C)
Have a physical existence
(D)
Be made out of or fully backed by a precious metal
Question-9
The exchange of commodities for commodities is called
(A)
Barter
(B)
Indirect exchange
(C)
Asset transformation
(D)
Monetary exchange
Question-10
Monetary policy is controlled by
(A)
Central government
(B)
State government
(C)
Central bank
(D)
Private sector
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Plus 2 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Nature and Scope of Economics
Basic Economic Problems
Theory of Consumer Behaviour
Demand and Supply
Equilibrium Price
Marginal Productivity Theory of Distribution
Production
Cost and Revenue
Market Structure and Planning
Fiscal Policy
Simple Theory of Income Determination
Monetary Policy
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