Question

1. Choose the
ving questions
(1) Who gave the definition "What is accepted universally in exchange of goods or service
money?
(a) Marshall
(b) Keynes
(c) Pigou
Has Robertson

(2) What is the type of inflation called when there is an increase in demand ?
fa) Demand-pull (b) Cost induced
(c) Salary induced
(d) Profit indu

(3) What is the value of money during constant and steady price increase ?
(a) Increases
(b) Decreases
(c) Constant
(d)Doesn't cha

(4) What is the type of inflation when the government controls inflation via rules or laws?
(a) Suppressed (b) Open
(c) Galloping
(d) Hidden

(5) Which economist believes that the true inflation is caused when there is rise in prices
when there is full employment?
(a) Marshall
(b) Crowhter
(c) Keynes
(d) Pigou

(6) What is the economic system called that allows exchange of rice instead of clothes 2
(a) Monetary system
(b) Banking system (c) Barter system
(d) Loan syste

(7) Which of the following can be used as the best means for storage of value?
(a) Crops
(b) Animals
(c) Stones- minerals (d) Coins


PLZ GIVE ANSWER OF ABOVE MCQ​

Answer 1

Answer:

1. c
2. a
3. a
4. c
5. c
6. c
7. d

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