Question : The number of times a unit of money changes hands during the unit period is called the ________.
Option 1: velocity of circulation of money
Option 2: base money
Option 3: remittances
Option 4: zero economic profit
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Correct Answer: velocity of circulation of money
Solution : The correct option is the velocity of circulation of money.
The number of times a unit of money changes hands during the unit period is called the velocity of circulation of money. If the velocity of money is increasing, then transactions occur between individuals more frequently.
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Question : What is the total stock of money in circulation among the public at a particular point in time called?
Option 1: Money order
Option 2: Money supply
Option 3: Short money
Option 4: Money laundering
Question : The unit digit in the product $7^{71}\times 6^{59}\times 3^{65}$ is:
Option 1: $1$
Option 2: $2$
Option 3: $3$
Option 4: $4$
Question : The density of the population is expressed as:
Option 1: number of rural persons per unit area.
Option 2: number of literate persons per unit area.
Option 3: number of persons per unit area.
Option 4: number of animals and persons per unit area.
Question : The revenue system of the Mughal period during Akbar’s reign was called ______.
Option 1: Iqta
Option 2: Zabt
Option 3: Ghari
Option 4: Charai
Question : Currency notes and coins are called ______.
Option 1: near money
Option 2: commodity money
Option 3: fiduciary money
Option 4: fiat money
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