2nd Year Economics Chapter 3 Online MCQ Test for 12th Class Economics Chapter 3 (Money)

ICS Part 2 Economics English Medium Chapter 3 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 3 Online Test"

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ICS Part 2 Economics English Medium Chapter 3 Online Test

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Question # 1

Speculative demand for money depends upon

Question # 2

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

Question # 3

Convert money means.

Question # 4

This is NOT money

Question # 5

Cross cheque has tow lines drawn on

Question # 6

In the equation MV =PY represents

Question # 7

Paper money in Pakistan is

Question # 8

Rupee is a coin

Question # 9

This is a characeristics of good money

Question # 10

According to Keynesmotives for holding money are.

Question # 11

Quantity of oney has relation with alue of money

Question # 12

It is included in kind of money

Question # 13

Cash can NOT be directly drawn fro a bank against

Question # 14

In the equation MV =Py. V represents

Question # 15

Barter means.

Question # 16

The most importnat fature of money

Question # 17

Cross cheque has a cross sign in the

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ICS Part 2 Economics English Medium Chapter 3 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate
2 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
3 This is NOT money
A. Currency
B. Prize Bond
C. Demand deposit oin a bank
D. Coins
4 In Pakistan money a account is
A. Paisa
B. Rupee
C. Gold
D. Dollar
5 Paper money in Pakistan is
A. Inconvertible
B. Convertible
C. Linked to gold
D. None of the above
6 Which is not a Function of money
A. Make demand and supply equal
B. Medium of exchange
C. Store of value
D. Meaasure of value
7 Ten Rupee note is
A. Token money
B. Creadit money
C. Legal Money
D. a and c of above
8 Cross cheque has tow lines drawn on
A. Right side upper corner
B. Left side upper corner
C. Right side lower corner
D. In the Centre
9 It is the medium of exchange
A. Black money
B. Currency
C. Near money
D. Foreign exchange
10 Commercial Bank create
A. Credit money
B. Token money
C. Legal Money
D. Do not create money

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