Economics MCQs For Lectureship CSS PMS And NTS Part V. Economics MCQs For Lectureship CSS PMS And NTS Part V.
Economics MCQs For Lectureship CSS PMS And NTS Part V
1 How inflation can be controlled?
Through Monetary and Fiscal policies
2 What is inflation?
General price level rises continuously
3 What is the velocity of money in a country in normal circumstances?
Less than 10
4 What is it that banks discount it and advance loans
Bill of exchange
5 Why paper money is called fiat money?
It is issued with the authority of government
6 The demand for money according to Keynes is affected by income and
Rate of interest
7 What happens during inflation?
Lenders lose and borrowers gain
8 As the interest rate falls the quantity demanded of money
9 If the quantity of money rises by 100%, other things remaining the same, how much the value of money changes?
Decreases by 100%
10 What does value of money means?
General purchasing power of money