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

In the equation MV =Py. V represents

Question # 2

Ten Rupee note is

Question # 3

It can change money supply

Question # 4

Which is not a Function of money

Question # 5

Money Material should be

Question # 6

It is the medium of exchange

Question # 7

Commercial Bank create

Question # 8

The most importnat fature of money

Question # 9

Barter means.

Question # 10

Cash can NOT be directly drawn fro a bank against

Question # 11

Which is the charactertistic of good money

Question # 12

In the equation MV =PY represents

Question # 13

In Pakistan money a account is

Question # 14

Which is money

Question # 15

Paper money in Pakistan is

Question # 16

Speculative demand for money depends upon

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 The most importnat fature of money
A. General acceptability
B. Store of value
C. Covertibility into gold
D. Medium of exchange
2 Commercial Bank create
A. Credit money
B. Token money
C. Legal Money
D. Do not create money
3 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate
4 This is NOT money
A. Currency
B. Prize Bond
C. Demand deposit oin a bank
D. Coins
5 This is a characteristic of good money
A. High intrinsic value
B. Liquidity
C. Attractive design
D. Easy to duplicate
6 Ten Rupee note is
A. Token money
B. Creadit money
C. Legal Money
D. a and c of above
7 Quantity of oney has relation with alue of money
A. Direct
B. Indirect
C. Inverse
D. No relation
8 If no money is used to exchange goods it is called.
A. Barter
B. Currency
C. Black Market
D. Free Trade
9 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
10 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

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