TN State Board Samacheer Kalvi Online Test for 11th Std - Economics - English - Monetary Economics

Question 1 Of 10

Paper currency system i s managed by the

Central Monetary authority State Government Central government Banks

Question 2 Of 10

When prices rise slowly, we call it

galloping inflation mild inflation hyperinflation deflation

Question 3 Of 10

A debit card is an example of

Currency Paper currency Plastic money Money

Question 4 Of 10

V in M V = PT equation stands for

Volume of trade Velocity of circulation of money Volume of transaction Volume of bank and credit money

Question 5 Of 10

“Money can be anything that is generally accepted as a means of exchange and that the same time acts as a measure and a store of value”, This definition was given by

Crowther A. C. Pigou F.A. Walker Francis Bacon

Question 6 Of 10

Inflation means

Prices are rising Prices are falling Value of money is increasing Prices are remaining the same

Question 7 Of 10

…………………… inflation occurs when general prices of commodities increase due to an increase in production costs such as wages and raw materials.

Cost – push demand-pull running galloping

Question 8 Of 10

The basic distinction M1 between and M2 is with regard to.

post office deposits time deposits of banks saving deposits of banks currency

Question 9 Of 10

Fisher’s quantity theory of money is based on the essential function of money as

measure of value store of value medium of exchange standard of deferred payment

Question 10 Of 10

During depression, the level of economic activity becomes extremely

high bad low good

Tamil Nadu State Board ( Samacheer Kalvi ) Online Test based on Book Back Questions - 11th Standard Economics - English Medium - Monetary Economics

Samacheer Kalvi 11th Economics - Monetary Economics - Book Back Questions in English Medium