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Online Tests
Economics Ics Part 2 English Medium Chapter 4 Online Test MCQs With Answers
Question # 1
Pursching power of money during defiation is.
Choose an answer
Increased
Reduced
Constant
Fluctuating
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Question # 2
The quantity demanded of money rises.
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As the intrest rate falls
As the intrest rate rises
As the supply of money falls
As the number of banks rises
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Question # 3
According to Keynes people demand money for purposes .
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1
2
3
4
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Question # 4
Which One is equation of exchange.
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PT = MV
PV = MT
PM = TV
None
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Question # 5
Value of money and supply of money are related.
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Inversely
Directly
Govt.Law
Are not related
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Question # 6
They are NOT much affected by rising prices.
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Salaried persons
Business
Debtors
Importers
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Question # 7
Velocity of circulation of money means.
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Total demand for money
Annual increase in currency notes
Number of timesa unit of money changes hands
total supoly of money
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Question # 8
The equation of exchange PT =MV was given by
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Fisher
Crowther
Kuznet
Keynes
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Question # 9
Banks discount it and adance loans.
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Draft
Bill of Exchange
pay order
Gold
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Question # 10
When value of money falls, they benefits more
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Debtors
Lenders
Farmers
Industrialist
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Question # 11
It is assumption of quantity theory of money
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Velocity of circulation of money constant
Affects only industrial sector
Makes distribution of national income better
Has no effect on distribution of income
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Question # 12
Value of money means
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General purchasing power of money
Gold purchased by money
Demand for money
Importance of money
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Question # 13
For the economy prices are beneficial
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Falling slowly
Rising slowly
Rising fast
Falling fast
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Question # 14
According to keynes demand for money is affected by
Choose an answer
Income
Rate of intest
Literacy rate
a and b of above
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Question # 15
Value of circulation money means by number of times a unit of money
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Change hands daily
Change hand annually
change hands montly
Change purchacing power
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Question # 16
Under normal circumstances the velocity of circulation of money in a contry is.
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100%
negative
Less than 10
Zero
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Question # 17
When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
Choose an answer
0.25
4
0.4
Billion Rupees
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Question # 18
Value of money in pakistan in determined by
Choose an answer
Govt of Pakistan
General Price Level
State Bank Pakistan
Value of Dollar
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Question # 19
Drung inflation
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Lenders lose borrowers gain
Borrowers and lenders both ose
Borrows lose lenders gain
All sections of the society gain
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Question # 20
If we put this letter in the blank space we get quantity theory of money PY =M
Choose an answer
S
T
V
A
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