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

Rupee is a coin

Question # 2

In the equation MV =Py. V represents

Question # 3

The most importnat fature of money

Question # 4

It can change money supply

Question # 5

This is NOT money

Question # 6

Convert money means.

Question # 7

Which is money

Question # 8

Money Material should be

Question # 9

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

Question # 10

Cheque is

Question # 11

Paper money in Pakistan is

Question # 12

Barter means.

Question # 13

In the equation MV =PY represents

Question # 14

Ten Rupee note is

Question # 15

Quantity of oney has relation with alue of money

Question # 16

Cash can NOT be directly drawn fro a bank against

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 If no money is used to exchange goods it is called.
A. Barter
B. Currency
C. Black Market
D. Free Trade
2 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
3 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
4 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate
5 It is included in kind of money
A. Legal money
B. Credit money
C. Taken money
D. All of the above
6 Paper money in Pakistan is
A. Inconvertible
B. Convertible
C. Linked to gold
D. None of the above
7 Money Material should be
A. Abundant
B. Scarce
C. Beautiful
D. Heavy
8 Cash can NOT be directly drawn fro a bank against
A. Cross Cheque
B. Order cheque
C. Bearer cheque
D. Traveller cheque
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 Quantity of oney has relation with alue of money
A. Direct
B. Indirect
C. Inverse
D. No relation

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