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Online Tests
Economics Ics Part 2 English Medium Chapter 3 Online Test MCQs With Answers
Question # 1
This is a characteristic of good money
Choose an answer
High intrinsic value
Liquidity
Attractive design
Easy to duplicate
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Question # 2
Cash can NOT be directly drawn fro a bank against
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Cross Cheque
Order cheque
Bearer cheque
Traveller cheque
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Question # 3
Rupee is a coin
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Full value
Token money
Credite money
Convertible
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Question # 4
In the equation MV =Py. V represents
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Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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Question # 5
Ten Rupee note is
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Token money
Creadit money
Legal Money
a and c of above
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Question # 6
Cross cheque has a cross sign in the
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Right side upper comer
Right side lowr comer
It does not have cross sign
Left side upper corner
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Question # 7
This is a difficulty of barter
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Lack of double coincidence of wants
Diffculty to produce goods at larger scale
Lack of divisiblility of many goods
All of the above
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Question # 8
If no money is used to exchange goods it is called.
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Barter
Currency
Black Market
Free Trade
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Question # 9
It is the medium of exchange
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Black money
Currency
Near money
Foreign exchange
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Question # 10
Barter means.
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Trade through metallic money only
Trade of goods ony excluding services
Trade without use of money
Trade of low value goods only
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Question # 11
Convert money means.
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It can buy goods
Govt. give gold against
Illegal money
Low value money
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Question # 12
It can change money supply
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National Assembly
Supreme court
Government
State Bank
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Question # 13
Government securities.
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MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 14
It is included in kind of money
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Legal money
Credit money
Taken money
All of the above
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Question # 15
This is a characeristics of good money
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High intricnsic value
General acceptability
Atractive design
Easy of duplicate
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Question # 16
Paper money in Pakistan is
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Inconvertible
Convertible
Linked to gold
None of the above
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Question # 17
Which is the charactertistic of good money
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Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
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