ICS Part 2 Economics English Medium Online Test With Answers

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ICS Part 2 Economics English Medium Online Test

Sr. # Questions Answers Choice
1 The equation of exchange PT =MV was given by Fisher Crowther Kuznet Keynes
2 Value of circulation money means by number of times a unit of money Change hands daily Change hand annually change hands montly Change purchacing power
3 Pursching power of money during defiation is. Increased Reduced Constant Fluctuating
4 Cross cheque has tow lines drawn on Right side upper corner Left side upper corner Right side lower corner In the Centre
5 It is included in kind of money Legal money Credit money Taken money All of the above
6 This is a characeristics of good money High intricnsic value General acceptability Atractive design Easy of duplicate
7 This is a characteristic of good money High intrinsic value Liquidity Attractive design Easy to duplicate
8 This is NOT money Currency Prize Bond Demand deposit oin a bank Coins
9 Which is the charactertistic of good money Has good design Has high value Has a fixed value in gold Is readily accepted by people
10 Government securities. MeanCurrency Are near money Are bought and sold on stock exchange market B and C of above
11 Paper money in Pakistan is Inconvertible Convertible Linked to gold None of the above
12 Ten Rupee note is Token money Creadit money Legal Money a and c of above
13 Barter means. Trade through metallic money only Trade of goods ony excluding services Trade without use of money Trade of low value goods only
14 Cross cheque has a cross sign in the Right side upper comer Right side lowr comer It does not have cross sign Left side upper corner
15 According to Keynesmotives for holding money are. Two Three Four Five
16 In the equation MV =PY represents Money supply Money Demand Maximum output Minimum Optput
17 In the equation MV =Py. V represents Value of money Velocity of circulation of money Variation of nation income All of the above
18 If money supply in a country decreses Price will rise Price will fall Rate of intrese falls B and C of above
19 Speculative demand for money depends upon Income Investment Rate of Interest Central bank
20 This is a difficulty of barter Lack of double coincidence of wants Diffculty to produce goods at larger scale Lack of divisiblility of many goods All of the above
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