Notes Public Finance-Online Practice Exam 16 December 31, 2023 April 19, 2024 NET / SET Online Practice Exams Public Finance Test Multi-choice 16 Question 1. Banks earn interest on Answers Option 1 Loans Option 2 Deposits Option 3 Demand Draft Option 4 Bill of exchange Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. System where minimum gold reserve is fixed by law is called Answers Option 1 Proportional reserve system Option 2 Minimum gold reserve system Option 3 Simple deposit system Option 4 Bonus deposit system Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Intrinsic value of the money unit is substantially less than its face value in case of Answers Option 1 Monometallism Option 2 Bimetallism Option 3 Multimetallism Option 4 Fiat standard Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Monetary standard under which gold and silver are fused in specified proportion is called Answers Option 1 Monometalism Option 2 Bimetallism Option 3 Symmetallism 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. Symmetallism was suggested by Answers Option 1 Milton Freidman Option 2 J.M.Keynes Option 3 Gruesham Option 4 Alfred Marshall Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. In bimetallism, which currency is driven out Answers Option 1 Overvalued currency Option 2 Undervalued currency Option 3 Both of the above Option 4 None of the above Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. When two kinds of money are in circulation, the problem before government is to keep them simultaneously in circulation. This problem was explained by Answers Option 1 Say’s law Option 2 Demand law Option 3 Gresham’s law Option 4 Supply law Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. How many kinds of money are in circulation in Bimetallism ? Answers Option 1 One Option 2 Two Option 3 Three Option 4 Four Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. How many kinds of money are in circulation in Monometallism ? Answers Option 1 One Option 2 Two Option 3 Three Option 4 Four Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. American Central Bank is Answers Option 1 Federal Reserve Bank Option 2 Central American Bank Option 3 Chicago Option 4 MIT Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Prepared by www.myeconomics.in << Prev Next >> "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook Twitter
Multi-choice 16 Question 1. Banks earn interest on Answers Option 1 Loans Option 2 Deposits Option 3 Demand Draft Option 4 Bill of exchange Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. System where minimum gold reserve is fixed by law is called Answers Option 1 Proportional reserve system Option 2 Minimum gold reserve system Option 3 Simple deposit system Option 4 Bonus deposit system Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Intrinsic value of the money unit is substantially less than its face value in case of Answers Option 1 Monometallism Option 2 Bimetallism Option 3 Multimetallism Option 4 Fiat standard Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Monetary standard under which gold and silver are fused in specified proportion is called Answers Option 1 Monometalism Option 2 Bimetallism Option 3 Symmetallism 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. Symmetallism was suggested by Answers Option 1 Milton Freidman Option 2 J.M.Keynes Option 3 Gruesham Option 4 Alfred Marshall Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. In bimetallism, which currency is driven out Answers Option 1 Overvalued currency Option 2 Undervalued currency Option 3 Both of the above Option 4 None of the above Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. When two kinds of money are in circulation, the problem before government is to keep them simultaneously in circulation. This problem was explained by Answers Option 1 Say’s law Option 2 Demand law Option 3 Gresham’s law Option 4 Supply law Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. How many kinds of money are in circulation in Bimetallism ? Answers Option 1 One Option 2 Two Option 3 Three Option 4 Four Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. How many kinds of money are in circulation in Monometallism ? Answers Option 1 One Option 2 Two Option 3 Three Option 4 Four Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. American Central Bank is Answers Option 1 Federal Reserve Bank Option 2 Central American Bank Option 3 Chicago Option 4 MIT Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)
Multi-choice 16 Question 1. Banks earn interest on Answers Option 1 Loans Option 2 Deposits Option 3 Demand Draft Option 4 Bill of exchange Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. System where minimum gold reserve is fixed by law is called Answers Option 1 Proportional reserve system Option 2 Minimum gold reserve system Option 3 Simple deposit system Option 4 Bonus deposit system Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Intrinsic value of the money unit is substantially less than its face value in case of Answers Option 1 Monometallism Option 2 Bimetallism Option 3 Multimetallism Option 4 Fiat standard Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 4. Monetary standard under which gold and silver are fused in specified proportion is called Answers Option 1 Monometalism Option 2 Bimetallism Option 3 Symmetallism 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. Symmetallism was suggested by Answers Option 1 Milton Freidman Option 2 J.M.Keynes Option 3 Gruesham Option 4 Alfred Marshall Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 6. In bimetallism, which currency is driven out Answers Option 1 Overvalued currency Option 2 Undervalued currency Option 3 Both of the above Option 4 None of the above Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 7. When two kinds of money are in circulation, the problem before government is to keep them simultaneously in circulation. This problem was explained by Answers Option 1 Say’s law Option 2 Demand law Option 3 Gresham’s law Option 4 Supply law Feedback Wrong choice Incorrect option Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 8. How many kinds of money are in circulation in Bimetallism ? Answers Option 1 One Option 2 Two Option 3 Three Option 4 Four Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. How many kinds of money are in circulation in Monometallism ? Answers Option 1 One Option 2 Two Option 3 Three Option 4 Four Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. American Central Bank is Answers Option 1 Federal Reserve Bank Option 2 Central American Bank Option 3 Chicago Option 4 MIT Feedback Correct selection Wrong choice Incorrect option Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)