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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  • Total Questions17

  • Time Allowed20

ICS Part 2 Economics English Medium Chapter 3 Online Test

00:00
Question # 1

Which is money

Question # 2

In the equation MV =Py. V represents

Question # 3

Paper money in Pakistan is

Question # 4

Barter means.

Question # 5

This is a difficulty of barter

Question # 6

In the equation MV =PY represents

Question # 7

Speculative demand for money depends upon

Question # 8

Ten Rupee note is

Question # 9

The most importnat fature of money

Question # 10

It can change money supply

Question # 11

Cheque is

Question # 12

In Pakistan money a account is

Question # 13

Cross cheque has tow lines drawn on

Question # 14

Money Material should be

Question # 15

Convert money means.

Question # 16

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

Question # 17

Cash can NOT be directly drawn fro a bank against

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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 Cross cheque has a cross sign in the
A. Right side upper comer
B. Right side lowr comer
C. It does not have cross sign
D. Left side upper corner
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 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
4 This is a characteristic of good money
A. High intrinsic value
B. Liquidity
C. Attractive design
D. Easy to duplicate
5 Rupee is a coin
A. Full value
B. Token money
C. Credite money
D. Convertible
6 Quantity of oney has relation with alue of money
A. Direct
B. Indirect
C. Inverse
D. No relation
7 In the equation MV =PY represents
A. Money supply
B. Money Demand
C. Maximum output
D. Minimum Optput
8 Speculative demand for money depends upon
A. Income
B. Investment
C. Rate of Interest
D. Central bank
9 In the equation MV =Py. V represents
A. Value of money
B. Velocity of circulation of money
C. Variation of nation income
D. All of the above
10 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate

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