12th Class Principles of Economics Chapter 3 Test

12th class I.Com Part 2 Principles of Economics chapter 3 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 3 Test

Start Chapter 3 Test

I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 3 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 Commercial Bank create
  • A. Credit money
  • B. Token money
  • C. Legal Money
  • D. Do not create money
2 Money Material should be
  • A. Abundant
  • B. Scarce
  • C. Beautiful
  • D. Heavy
3 Cross cheque has a cross sign in the
  • A. Right side upper comer
  • B. Right side lowr comer
  • C. It does not have cross sign
  • D. Left side upper corner
4 This is a characeristics of good money
  • A. High intricnsic value
  • B. General acceptability
  • C. Atractive design
  • D. Easy of duplicate
5 Ten Rupee note is
  • A. Token money
  • B. Creadit money
  • C. Legal Money
  • D. a and c of above
6 According to Keynesmotives for holding money are.
  • A. Two
  • B. Three
  • C. Four
  • D. Five
7 Government securities.
  • A. MeanCurrency
  • B. Are near money
  • C. Are bought and sold on stock exchange market
  • D. B and C of above
8 Barter means.
  • A. Trade through metallic money only
  • B. Trade of goods ony excluding services
  • C. Trade without use of money
  • D. Trade of low value goods only
9 Convert money means.
  • A. It can buy goods
  • B. Govt. give gold against
  • C. Illegal money
  • D. Low value money
10 In the equation MV =PY represents
  • A. Money supply
  • B. Money Demand
  • C. Maximum output
  • D. Minimum Optput

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