Question # 1

Money Material should be

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Abundant

Scarce

Beautiful

Heavy

It can change money supply

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National Assembly

Supreme court

Government

State Bank

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

This is a characeristics of good money

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High intricnsic value

General acceptability

Atractive design

Easy of duplicate

Ten Rupee note is

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Token money

Creadit money

Legal Money

a and c of above

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

This is NOT money

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Currency

Prize Bond

Demand deposit oin a bank

Coins

In the equation MV =PY represents

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Money supply

Money Demand

Maximum output

Minimum Optput

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

Rupee is a coin

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Full value

Token money

Credite money

Convertible

If no money is used to exchange goods it is called.

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Barter

Currency

Black Market

Free Trade

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

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