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12th Economics Weekly Test - 1 ( Monetary Economics )

St. Britto Hr. Sec. School - Madurai

12th Economics Weekly Test - 1 ( Monetary Economics )-Aug 2020

Time : 1.30 Hours

Part - A

Multiple Choice Question - Answer All Question

Demand pull inflation results from

demand for government spending on public goods goes down due to lack of financial backup through tax collection
consumer, business, and government demand for goods and services in excess of an economy's capacity to produce.
a shortage of demand for good and services in excess of supply during depression
demand for public goods is greater than demand for consumer goods

_____ is also known as mild inflation or moderate inflation

Walking Inflation
Running Inflation
Creeping Inflation
Hyper Inflation

Equation of exchange is associated with:

Pigou
J.B.Say
Marshall
Irving Fisher

During inflation, who are gainers?

Creditors
Wage and salary earners
Government
Business men

What problems are we most likely to see at which stage of the business cycle?

High inflation during recessions
High unemployment during booms
Low inflation during booms.
High unemployment during recessions

In Fisher’s equation of exchange MV=PT, the variation of which produces a proportional change in price:

M
V
P
T

The symbol of India rupee came into use on _______?

25th July, 2010
16th July, 2010
15th July, 2010
None of the above

During __________ the level of economic activity becomes extremely low.

Boom
Recession
Depression
Recovery

Barter system was introduced by________ tribes.

Mesopotamia
Phoenician
Babylonian
Jarwa

What is the basis of the Credit System.?

State
Computer
PAYTM
Money

Part - B

Generic 2 - Answer All Question

What is creeping inflation?

Write a note on Tax induced inflation.

State the Monetary Measures for Inflation.

What are the function of Money?
Write the meaning of Galloping inflation.

What is commodity money?

Part - C

Generic 3 - Answer All Question

Explain Effects on Production of Inflation.
Explain any three main causes of inflation in India.

Explain disinflation

What is money? Explain the three functions that money performs. Which one is the primary function of money?

Write the types of inflation

Write a note on metallic money

Part - D

Generic 5 - Answer All Question

Describe the phases of Trade cycle.

Explain the functions of money

Explain Measures to Control Inflation.
What are the causes and effects of inflation on the economy?

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