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

Convert money means.

Question # 2

This is NOT money

Question # 3

This is a difficulty of barter

Question # 4

Rupee is a coin

Question # 5

Government securities.

Question # 6

It is included in kind of money

Question # 7

This is a characteristic of good money

Question # 8

Quantity of oney has relation with alue of money

Question # 9

It can change money supply

Question # 10

Cash can NOT be directly drawn fro a bank against

Question # 11

Cross cheque has tow lines drawn on

Question # 12

It is the medium of exchange

Question # 13

In Pakistan money a account is

Question # 14

Cross cheque has a cross sign in the

Question # 15

Ten Rupee note is

Question # 16

Which is the charactertistic of good money

Question # 17

In the equation MV =Py. V represents

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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 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
2 Cheque is
A. Legal Money
B. Credit money
C. Paper money
D. Not money
3 Money Material should be
A. Abundant
B. Scarce
C. Beautiful
D. Heavy
4 If no money is used to exchange goods it is called.
A. Barter
B. Currency
C. Black Market
D. Free Trade
5 In the equation MV =PY represents
A. Money supply
B. Money Demand
C. Maximum output
D. Minimum Optput
6 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
7 Government securities.
A. MeanCurrency
B. Are near money
C. Are bought and sold on stock exchange market
D. B and C of above
8 In Pakistan money a account is
A. Paisa
B. Rupee
C. Gold
D. Dollar
9 Which is money
A. Cheque
B. Credite card
C. Currency
D. Prize Bond
10 Commercial Bank create
A. Credit money
B. Token money
C. Legal Money
D. Do not create money

Test Questions

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