Samacheer Kalvi 12th Economics – Chapter 5: Monetary Economics Book Back Answers
Samacheer Kalvi 12th Standard New Economics Book Back 1 Mark and 2 Mark Questions with Answers PDF uploaded and available below. Tamil Nadu Class 12 New Syllabus Economics Chapter 5 – Monetary Economics Book Back Solutions 2022 available for English medium students. TN Samacheer Kalvi 12th Std Economics Book Portion consists of 12 chapters. Check chapter-wise and Full Class 12th Economics Book Back Answers/ Guide 2022 PDF format for free download. 12th Economics Chapter 5 – Monetary Economics Book Back Answers below:
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12th Economics – Chapter 5: Introduction to Monetary Economics Book Back Answers
1. The RBI Headquarters is located at
(a) Delhi (b) Chennai (c) Mumbai (d) Bengaluru
2. Money is
(a) acceptable only when it has intrinsic value (b) constant in purchasing power
(c) the most liquid of all assets (d) needed for the allocation of resources
3. Paper currency system is managed by the
(a) Central Monetary authority (b) State Government (c) Central Government (d) Banks
4. The basic distinction between M1 and M2 is with regard to.
(a) post office deposits (b) time deposits of banks (c) saving deposits of banks (d) currency
5. Irving Fisher’s Quantity Theory of Money was popularized in
(a) 1908 (b) 1910 (c) 1911 (d) 1914.
6. MV stands for
(a) demand for money (b) supply of legal tender money (c) Supply of bank money (d) Total supply of money
7. Inflation means
(a) Prices are rising (b) Prices are falling (c) Value of money is increasing (d) Prices are remaining the same
8. __________ inflation results in a serious depreciation of the value of money.
(a) Creeping (b) Walking (c) running (d) Hyper
9. __________ inflation occurs when general prices of commodities increases due to an increase in production costs such as wages and raw materials.
(a) Cost-push (b) demand pull (c) running (d) galloping
10. During inflation, who are the gainers?
(a) Debtors (b) Creditors (c) Wage and salary earners (d) Government
11. ____________ is a decrease in the rate of inflation.
(a) Disinflation (b) Deflation (c) Stagflation (d) Depression
12. Stagflation combines the rate of inflation with
(a) Stagnation (b) employment (c) output (d) price
13. The study of alternating fluctuations in business activity is referred to in Economics as
(a) Boom (b) Recession (c) Recovery (d) Trade cycle
14. During the depression the level of economic activity becomes extremely
(a) high (b) bad (c) low (d) good
15. “Money can be anything that is generally accepted as a means of exchange and that at the same time acts as a measure and a store of value”, This definition was given by
(a) Crowther (b) A.C.Pigou (c) F.A.Walker (d) Francis Bacon
16. Debit card is an example of
(a) currency (b) paper currency (c) plastic money (d) money
17. Fisher’s Quantity Theory of money is based on the essential function of money as
(a) measure of value (b5) store of value (c) medium of exchange (d) standard of deferred payment
18. V in MV = PT equation stands for
(a) Volume of trade (b) Velocity of circulation of money (c) Volume of transaction (d) Volume of bank and credit money
19. When prices rise slowly, we call it
(a) galloping inflation (b) mild inflation (c) hyper inflation (d) deflation
20. ___________ inflation is in no way dangerous to the economy.
(a) walking (b) running (c) creeping (d) galloping
Other Important Links for 12th Samacheer Kalvi Book Back:
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