Question : Which of the following statements is/are correct about speculative demand for money?

i. It is a Perfectly interesting elastic.
ii. It is Relatively interest-elastic.
iii. It is Perfectly interest inelastic.
iv. It is Relatively interest inelastic.

Option 1: Only iii and iv

Option 2: Only iii

Option 3: Only i and ii

Option 4: Only ii

Question : Which of the following statements is/are correct regarding the liquidity trap?

i. It is where speculative demand for money is infinitely inelastic and the liquidity preference curve becomes perfectly elastic.
ii. It is where speculative demand for money is infinitely elastic and the liquidity preference curve becomes perfectly inelastic.
iii. It is the point where speculative demand for money is infinitely elastic and the liquidity preference curve becomes perfectly elastic.
iv. It is the point where speculative demand for money and the liquidity preference curves are not related.

Option 1: Only Statement ii is correct

Option 2: Only Statement iii is correct

Option 3: Only Statement iv is correct

Option 4: Only Statements i and ii are correct

Question : Which of the following statements is/are correct concerning the demand for money?
i. When the interest rate is high, the demand for money is low.
ii. When the interest rate is low, demand for money is also low.
iii. When the interest rate is high, demand for money is also high.
iv. When the interest rate is low, demand for money is high.

Option 1: Only ii and iv

Option 2: Only i and iv

Option 3: Only ii and iii

Option 4: Only i and ii

Question : If the price elasticity of demand is less than one, then the demand for the goods is said to be ______.

Option 1: perfectly inelastic

Option 2: inelastic

Option 3: perfectly elastic

Option 4: unitary elastic

Question : Which of the following statements is correct about the value of money?

i. It is directly related to the price level.

ii. It is not related to the price level.

iii. It is indirectly related to the price level.

Option 1: None of the statements are correct

Option 2: Only ii is correct

Option 3: Only iii is correct

Option 4: Only i is correct

Question : Directions: Arrange the given words in the sequence in which they occur in the dictionary.
i. Treasure
ii. Treadmill
iii. Training
iv. Translate

Option 1: iii, iv, i, ii

Option 2: iv, i, iii, ii

Option 3: i, iii, ii, iv

Option 4: iii, iv, ii, i