ICS Part 2 Economics English Medium Chapter 3 Online Test With Answers

image
image
image

ICS Part 2 Economics English Medium Chapter 3 Online Test

Sr. # Questions Answers Choice
1 The most importnat fature of money General acceptability Store of value Covertibility into gold Medium of exchange
2 Cheque is Legal Money Credit money Paper money Not money
3 Commercial Bank create Credit money Token money Legal Money Do not create money
4 Quantity of oney has relation with alue of money Direct Indirect Inverse No relation
5 It is the medium of exchange Black money Currency Near money Foreign exchange
6 Convert money means. It can buy goods Govt. give gold against Illegal money Low value money
7 Which is money Cheque Credite card Currency Prize Bond
8 Which is not a Function of money Make demand and supply equal Medium of exchange Store of value Meaasure of value
9 If no money is used to exchange goods it is called. Barter Currency Black Market Free Trade
10 In Pakistan money a account is Paisa Rupee Gold Dollar
11 Money Material should be Abundant Scarce Beautiful Heavy
12 Cash can NOT be directly drawn fro a bank against Cross Cheque Order cheque Bearer cheque Traveller cheque
13 Rupee is a coin Full value Token money Credite money Convertible
Download This Set