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

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ICS Part 2 Economics English Medium Chapter 3 Online Test

00:00
Question # 1

Government securities.

Question # 2

In Pakistan money a account is

Question # 3

Which is not a Function of money

Question # 4

This is NOT money

Question # 5

It is the medium of exchange

Question # 6

This is a characteristic of good money

Question # 7

Rupee is a coin

Question # 8

In the equation MV =Py. V represents

Question # 9

Paper money in Pakistan is

Question # 10

Cash can NOT be directly drawn fro a bank against

Question # 11

Convert money means.

Question # 12

Cheque is

Question # 13

Cross cheque has a cross sign in the

Question # 14

This is a characeristics of good money

Question # 15

In the equation MV =PY represents

Question # 16

Speculative demand for money depends upon

Question # 17

Quantity of oney has relation with alue of money

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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 Quantity of oney has relation with alue of money
A. Direct
B. Indirect
C. Inverse
D. No relation
2 Cash can NOT be directly drawn fro a bank against
A. Cross Cheque
B. Order cheque
C. Bearer cheque
D. Traveller cheque
3 Ten Rupee note is
A. Token money
B. Creadit money
C. Legal Money
D. a and c of above
4 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
5 In the equation MV =PY represents
A. Money supply
B. Money Demand
C. Maximum output
D. Minimum Optput
6 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
7 It is the medium of exchange
A. Black money
B. Currency
C. Near money
D. Foreign exchange
8 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
9 It can change money supply
A. National Assembly
B. Supreme court
C. Government
D. State Bank
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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