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Online Tests
Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test MCQs With Answers
Question # 1
Ten Rupee note is
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Token money
Creadit money
Legal Money
a and c of above
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Question # 2
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 # 3
In Pakistan money a account is
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Paisa
Rupee
Gold
Dollar
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Question # 4
Speculative demand for money depends upon
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Income
Investment
Rate of Interest
Central bank
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Question # 5
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 # 6
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
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Question # 7
Government securities.
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MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 8
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
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Question # 9
In the equation MV =PY represents
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Money supply
Money Demand
Maximum output
Minimum Optput
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Question # 10
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 # 11
Money Material should be
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Abundant
Scarce
Beautiful
Heavy
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