3rd Chapter

12th Economics Chapter 3 Test

Here you can prepare 12th Economics English Medium Chapter 3 Money Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Barter and its difficulties, Evolution of money, Money, Functions of money, Kinds of money, Instruments of money, Credit cards, ATM, Traveller cheques, Demand for and Supply of money.

ICS Part 2 Economics Ch. 3 Test
ic

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

Sr. # Questions Answers Choice
1 Cheque is
  • A. Legal Money
  • B. Credit money
  • C. Paper money
  • D. Not money
2 It is the medium of exchange
  • A. Black money
  • B. Currency
  • C. Near money
  • D. Foreign exchange
3 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
4 In the equation MV =PY represents
  • A. Money supply
  • B. Money Demand
  • C. Maximum output
  • D. Minimum Optput
5 This is a characteristic of good money
  • A. High intrinsic value
  • B. Liquidity
  • C. Attractive design
  • D. Easy to duplicate
6 Which is money
  • A. Cheque
  • B. Credite card
  • C. Currency
  • D. Prize Bond
7 Ten Rupee note is
  • A. Token money
  • B. Creadit money
  • C. Legal Money
  • D. a and c of above
8 This is NOT money
  • A. Currency
  • B. Prize Bond
  • C. Demand deposit oin a bank
  • D. Coins
9 Rupee is a coin
  • A. Full value
  • B. Token money
  • C. Credite money
  • D. Convertible
10 Government securities.
  • A. MeanCurrency
  • B. Are near money
  • C. Are bought and sold on stock exchange market
  • D. B and C of above

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 2 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 2 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test 10 Questions
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