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 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
2 It is included in kind of money
  • A. Legal money
  • B. Credit money
  • C. Taken money
  • D. All of the above
3 Commercial Bank create
  • A. Credit money
  • B. Token money
  • C. Legal Money
  • D. Do not create money
4 Paper money in Pakistan is
  • A. Inconvertible
  • B. Convertible
  • C. Linked to gold
  • D. None of the above
5 Ten Rupee note is
  • A. Token money
  • B. Creadit money
  • C. Legal Money
  • D. a and c of above
6 Money Material should be
  • A. Abundant
  • B. Scarce
  • C. Beautiful
  • D. Heavy
7 If no money is used to exchange goods it is called.
  • A. Barter
  • B. Currency
  • C. Black Market
  • D. Free Trade
8 According to Keynesmotives for holding money are.
  • A. Two
  • B. Three
  • C. Four
  • D. Five
9 Which is the charactertistic of good money
  • A. Has good design
  • B. Has high value
  • C. Has a fixed value in gold
  • D. Is readily accepted by people
10 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

Top Scorers of Economics Ics Part 2 English Medium Chapter 3 Online Test

F

Fatima Azeem

Lahore28 - Jan - 2025

12/17
06 Mins 07 Sec

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