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Online Tests
Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test MCQs With Answers
Question # 1
Rupee is a coin
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Full value
Token money
Credite money
Convertible
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Question # 2
This is a characeristics of good money
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High intricnsic value
General acceptability
Atractive design
Easy of duplicate
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Question # 3
Cross cheque has a cross sign in the
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Right side upper comer
Right side lowr comer
It does not have cross sign
Left side upper corner
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Question # 4
Barter means.
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Trade through metallic money only
Trade of goods ony excluding services
Trade without use of money
Trade of low value goods only
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Question # 5
This is NOT money
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Currency
Prize Bond
Demand deposit oin a bank
Coins
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Question # 6
This is a difficulty of barter
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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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Question # 7
In the equation MV =Py. V represents
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Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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Question # 8
Cheque is
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Legal Money
Credit money
Paper money
Not money
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Question # 9
It can change money supply
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National Assembly
Supreme court
Government
State Bank
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Question # 10
It is the medium of exchange
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Black money
Currency
Near money
Foreign exchange
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