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

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Question # 1

Ten Rupee note is

Question # 2

Cross cheque has a cross sign in the

Question # 3

In the equation MV =Py. V represents

Question # 4

This is a difficulty of barter

Question # 5

Quantity of oney has relation with alue of money

Question # 6

This is a characeristics of good money

Question # 7

In Pakistan money a account is

Question # 8

This is a characteristic of good money

Question # 9

Which is the charactertistic of good money

Question # 10

Cash can NOT be directly drawn fro a bank against

Question # 11

In the equation MV =PY represents

Question # 12

Speculative demand for money depends upon

Question # 13

According to Keynesmotives for holding money are.

Question # 14

Which is not a Function of money

Question # 15

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

Question # 16

Rupee is a coin

Question # 17

Commercial Bank create

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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 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 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
4 Paper money in Pakistan is
A. Inconvertible
B. Convertible
C. Linked to gold
D. None of the above
5 It can change money supply
A. National Assembly
B. Supreme court
C. Government
D. State Bank
6 Convert money means.
A. It can buy goods
B. Govt. give gold against
C. Illegal money
D. Low value money
7 Speculative demand for money depends upon
A. Income
B. Investment
C. Rate of Interest
D. Central bank
8 If no money is used to exchange goods it is called.
A. Barter
B. Currency
C. Black Market
D. Free Trade
9 Which is money
A. Cheque
B. Credite card
C. Currency
D. Prize Bond
10 It is included in kind of money
A. Legal money
B. Credit money
C. Taken money
D. All of the above

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