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4th Chapter

12th Economics Chapter 4 Test

Here you can prepare 12th Economics English Medium Chapter 4 Value of Money Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 4 Online MCQ Test for 12th Class Economics Chapter 4 (Value of Money)

This online test contains MCQs about following topics:

. Value of money, Quantity theory, Causes and effects of changes in price , Inflation, Causes, Consequences and remedies, Deflation, Inflation in Pakistan .

ICS Part 2 Economics Ch. 4 Test
ic

2nd Year Economics Chapter 4 Online MCQ Test for 12th Class Economics Chapter 4 (Value of Money)

Sr. # Questions Answers Choice
1 When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
  • A. 0.25
  • B. 4
  • C. 0.4
  • D. Billion Rupees
2 When value of money falls, they benefits more
  • A. Debtors
  • B. Lenders
  • C. Farmers
  • D. Industrialist
3 They are NOT much affected by rising prices.
  • A. Salaried persons
  • B. Business
  • C. Debtors
  • D. Importers
4 Value of money in pakistan in determined by
  • A. Govt of Pakistan
  • B. General Price Level
  • C. State Bank Pakistan
  • D. Value of Dollar
5 Which One is equation of exchange.
  • A. PT = MV
  • B. PV = MT
  • C. PM = TV
  • D. None
6 The quantity demanded of money rises.
  • A. As the intrest rate falls
  • B. As the intrest rate rises
  • C. As the supply of money falls
  • D. As the number of banks rises
7 Value of circulation money means by number of times a unit of money
  • A. Change hands daily
  • B. Change hand annually
  • C. change hands montly
  • D. Change purchacing power
8 Value of money and supply of money are related.
  • A. Inversely
  • B. Directly
  • C. Govt.Law
  • D. Are not related
9 Drung inflation
  • A. Lenders lose borrowers gain
  • B. Borrowers and lenders both ose
  • C. Borrows lose lenders gain
  • D. All sections of the society gain
10 According to keynes demand for money is affected by
  • A. Income
  • B. Rate of intest
  • C. Literacy rate
  • D. a and b of above

Top Scorers of Economics Ics Part 2 English Medium Chapter 4 Online Test

M

Muhammad Kashif

Lahore25 - Apr - 2024

16/17
02 Mins 27 Sec

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