Question : Which of the following statements is/are true about currency notes?

i. They do not have intrinsic value.

ii. They can be called fiat money.

iii. They are not legal tenders.

Option 1: Only ii

Option 2: Only i

Option 3: Only i and ii

Option 4: Only ii and iii

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 not correct?

I. Force per unit volume is called pressure.
II. Liquids can exert pressure on the walls of containers.
III. Force acting on an object can cause a change in its state of motion but not its shape.

Option 1: Only I and II

Option 2: Only III

Option 3: I, II and III

Option 4: Only I and III

Question : Which of the following is a type of connective tissue?

I. Blood
II. Bone
III. Ligament

Option 1: Only III

Option 2: Only II and III

Option 3: I, II and III

Option 4: Only I and III