New ! Economics MCQ Practise Tests



Monetary Economics 3 Mark Creative Question Paper With Answer Key

12th Standard

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Economics

Time : 01:30:00 Hrs
Total Marks : 45

    3 Marks 

    15 x 3 = 45
  1. What are the four measures of Money Supply?

  2. Explain the history of Barter System.

  3. Write a note on paper currency standard

  4. Explain the concept of Plastic Money.

  5. Explain the primary function of money.

  6. Explain the three secondary function of money.

  7. What are the Contingent Functions?

  8. Draw the diagram of Fisher’s Quantity theory of money.

  9. Explain “The Keynes Equation” Keynes equation is expressed as:

  10. Explain any three main causes of inflation in India.

  11. Explain Effects on Production of Inflation.

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

  13. Fill in the following table by indicating whether the proposed Central Bank action will increase or decrease the money supply. If the action is not a Central Bank power then write not applicable.

    Action Effect on money supply
    A decrease in central spending  
    A decrease in the required reserve  
    A sale of government debt  
    A lowering of the discount rate  
    Buying government debt  
    A decrease in taxe  
  14. Write about the money supply in India?

  15. What is taxflation and currency inflation?

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