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 If we put this letter in the blank space we get quantity theory of money PY =M
  • A. S
  • B. T
  • C. V
  • D. A
2 For the economy prices are beneficial
  • A. Falling slowly
  • B. Rising slowly
  • C. Rising fast
  • D. Falling fast
3 According to keynes demand for money is affected by
  • A. Income
  • B. Rate of intest
  • C. Literacy rate
  • D. a and b of above
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 When value of money falls, they benefits more
  • A. Debtors
  • B. Lenders
  • C. Farmers
  • D. Industrialist
7 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
8 Value of money means
  • A. General purchasing power of money
  • B. Gold purchased by money
  • C. Demand for money
  • D. Importance of money
9 The equation of exchange PT =MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes
10 Pursching power of money during defiation is.
  • A. Increased
  • B. Reduced
  • C. Constant
  • D. Fluctuating

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