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CUET UG · Economics / Business Economics · Quiz

Economics / Business Economics — quick quiz

5 real CUET UG questions on Economics / Business Economics. Instant scoring and solutions, no signup — see where you stand in ~3 minutes.

Question 1 of 4

HARD

Suppose the Money Supply (M) is Rs 10,00,000 crore, Velocity of Money (V) is 5, and Real Output (Y) is 12,50,000 units. According to the Quantity Theory of Money (MV = PT, where P is price level and T is transactions approximated by Y), what is the price level (P)?