Multi-choice 18 Question 1. Keynes assumed money supply to be Answers Option 1 Exogenous Option 2 Endogenous Option 3 Both of the above Option 4 None of the above Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Increase in export leads Answers Option 1 Indeterminate Option 2 Constant money supply Option 3 Decrease in money supply Option 4 Increase in money supply Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Gilt-edged markets deal with Answers Option 1 Silver Option 2 Govt. securities Option 3 Gold Option 4 Currency notes Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Which of the following components of demand for money marks a complete break from the classical theory ? Answers Option 1 Precautionary Option 2 Transaction Option 3 Speculative Option 4 None of the above Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Fischer’s quantity theory is explained by equation Answers Option 1 MP = VT Option 2 MP = PT Option 3 PV = MT Option 4 MV = PT Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. The neo-classical cambridge approach of quantity theory of money viewed the amount of money demanded as a function of Answers Option 1 Money income Option 2 Interest rate Option 3 Both of the above Option 4 None of the above Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. “Medium of exchange” as a definition of money is denoted by Answers Option 1 M1 Option 2 M2 Option 3 M3 Option 4 M4 Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. “Store of value” as a definition of money is denoted by Answers Option 1 M1 Option 2 M2 Option 3 M3 Option 4 M4 Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. M/KO is an equation of Answers Option 1 Marshall Option 2 Pigou Option 3 R. A. Musgrave Option 4 Robertson Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. M/KT is an equation of Answers Option 1 Pigou Option 2 R. Solow Option 3 Robertson Option 4 Keynes Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
Multi-choice 18 Question 1. Keynes assumed money supply to be Answers Option 1 Exogenous Option 2 Endogenous Option 3 Both of the above Option 4 None of the above Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Increase in export leads Answers Option 1 Indeterminate Option 2 Constant money supply Option 3 Decrease in money supply Option 4 Increase in money supply Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 3. Gilt-edged markets deal with Answers Option 1 Silver Option 2 Govt. securities Option 3 Gold Option 4 Currency notes Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. Which of the following components of demand for money marks a complete break from the classical theory ? Answers Option 1 Precautionary Option 2 Transaction Option 3 Speculative Option 4 None of the above Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 5. Fischer’s quantity theory is explained by equation Answers Option 1 MP = VT Option 2 MP = PT Option 3 PV = MT Option 4 MV = PT Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. The neo-classical cambridge approach of quantity theory of money viewed the amount of money demanded as a function of Answers Option 1 Money income Option 2 Interest rate Option 3 Both of the above Option 4 None of the above Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. “Medium of exchange” as a definition of money is denoted by Answers Option 1 M1 Option 2 M2 Option 3 M3 Option 4 M4 Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. “Store of value” as a definition of money is denoted by Answers Option 1 M1 Option 2 M2 Option 3 M3 Option 4 M4 Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. M/KO is an equation of Answers Option 1 Marshall Option 2 Pigou Option 3 R. A. Musgrave Option 4 Robertson Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. M/KT is an equation of Answers Option 1 Pigou Option 2 R. Solow Option 3 Robertson Option 4 Keynes Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback)
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