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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  • Time Allowed20

ICS Part 2 Economics English Medium Chapter 3 Online Test

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Question # 1

Commercial Bank create

Question # 2

Ten Rupee note is

Question # 3

It is included in kind of money

Question # 4

Cross cheque has tow lines drawn on

Question # 5

This is NOT money

Question # 6

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

Question # 7

In Pakistan money a account is

Question # 8

Paper money in Pakistan is

Question # 9

This is a characeristics of good money

Question # 10

Which is money

Question # 11

In the equation MV =Py. V represents

Question # 12

The most importnat fature of money

Question # 13

Rupee is a coin

Question # 14

Cross cheque has a cross sign in the

Question # 15

Quantity of oney has relation with alue of money

Question # 16

Which is not a Function of money

Question # 17

Money Material should be

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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 Money Material should be
A. Abundant
B. Scarce
C. Beautiful
D. Heavy
2 It is included in kind of money
A. Legal money
B. Credit money
C. Taken money
D. All of the above
3 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
4 In the equation MV =PY represents
A. Money supply
B. Money Demand
C. Maximum output
D. Minimum Optput
5 It can change money supply
A. National Assembly
B. Supreme court
C. Government
D. State Bank
6 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate
7 Speculative demand for money depends upon
A. Income
B. Investment
C. Rate of Interest
D. Central bank
8 Rupee is a coin
A. Full value
B. Token money
C. Credite money
D. Convertible
9 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
10 Cash can NOT be directly drawn fro a bank against
A. Cross Cheque
B. Order cheque
C. Bearer cheque
D. Traveller cheque

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