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

Barter means.

Question # 2

This is a characteristic of good money

Question # 3

Which is the charactertistic of good money

Question # 4

It can change money supply

Question # 5

This is a characeristics of good money

Question # 6

Cash can NOT be directly drawn fro a bank against

Question # 7

This is a difficulty of barter

Question # 8

Speculative demand for money depends upon

Question # 9

This is NOT money

Question # 10

Commercial Bank create

Question # 11

Ten Rupee note is

Question # 12

Convert money means.

Question # 13

In the equation MV =Py. V represents

Question # 14

Cheque is

Question # 15

Paper money in Pakistan is

Question # 16

Quantity of oney has relation with alue of money

Question # 17

In Pakistan money a account is

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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 Cash can NOT be directly drawn fro a bank against
A. Cross Cheque
B. Order cheque
C. Bearer cheque
D. Traveller cheque
2 Convert money means.
A. It can buy goods
B. Govt. give gold against
C. Illegal money
D. Low value money
3 According to Keynesmotives for holding money are.
A. Two
B. Three
C. Four
D. Five
4 This is a difficulty of barter
A. Lack of double coincidence of wants
B. Diffculty to produce goods at larger scale
C. Lack of divisiblility of many goods
D. All of the above
5 This is NOT money
A. Currency
B. Prize Bond
C. Demand deposit oin a bank
D. Coins
6 Cheque is
A. Legal Money
B. Credit money
C. Paper money
D. Not money
7 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
8 Paper money in Pakistan is
A. Inconvertible
B. Convertible
C. Linked to gold
D. None of the above
9 Government securities.
A. MeanCurrency
B. Are near money
C. Are bought and sold on stock exchange market
D. B and C of above
10 In Pakistan money a account is
A. Paisa
B. Rupee
C. Gold
D. Dollar

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