Question # 1

In the equation MV =PY represents

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Money supply

Money Demand

Maximum output

Minimum Optput

It is included in kind of money

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Legal money

Credit money

Taken money

All of the above

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

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

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

This is a characeristics of good money

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High intricnsic value

General acceptability

Atractive design

Easy of duplicate

Which is the charactertistic of good money

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Has good design

Has high value

Has a fixed value in gold

Is readily accepted by people

Cross cheque has tow lines drawn on

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Right side upper corner

Left side upper corner

Right side lower corner

In the Centre

Ten Rupee note is

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Token money

Creadit money

Legal Money

a and c of above

The most importnat fature of money

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General acceptability

Store of value

Covertibility into gold

Medium of exchange

In Pakistan money a account is

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Paisa

Rupee

Gold

Dollar

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Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test MCQs With Answers

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