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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ICS Part 2 Economics English Medium Chapter 3 Online Test

00:00
Question # 1

Barter means.

Question # 2

In the equation MV =PY represents

Question # 3

This is a characteristic of good money

Question # 4

This is a difficulty of barter

Question # 5

Cash can NOT be directly drawn fro a bank against

Question # 6

Quantity of oney has relation with alue of money

Question # 7

It is included in kind of money

Question # 8

Cross cheque has a cross sign in the

Question # 9

This is a characeristics of good money

Question # 10

Money Material should be

Question # 11

Which is the charactertistic of good money

Question # 12

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

Question # 13

In Pakistan money a account is

Question # 14

Ten Rupee note is

Question # 15

Rupee is a coin

Question # 16

This is NOT money

Question # 17

Speculative demand for money depends upon

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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 Commercial Bank create
A. Credit money
B. Token money
C. Legal Money
D. Do not create money
2 Cash can NOT be directly drawn fro a bank against
A. Cross Cheque
B. Order cheque
C. Bearer cheque
D. Traveller cheque
3 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
4 Ten Rupee note is
A. Token money
B. Creadit money
C. Legal Money
D. a and c of above
5 In Pakistan money a account is
A. Paisa
B. Rupee
C. Gold
D. Dollar
6 In the equation MV =PY represents
A. Money supply
B. Money Demand
C. Maximum output
D. Minimum Optput
7 It can change money supply
A. National Assembly
B. Supreme court
C. Government
D. State Bank
8 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate
9 According to Keynesmotives for holding money are.
A. Two
B. Three
C. Four
D. Five
10 If no money is used to exchange goods it is called.
A. Barter
B. Currency
C. Black Market
D. Free Trade

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