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.

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.

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

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.

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

I. Blood
II. Bone
III. Ligament