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12th Class Principles of Economics Chapter 4 Test

12th class I.Com Part 2 Principles of Economics chapter 4 Online MCQs test with answers for Principles of Economics


I.Com Part 2 Principles of Economics
Chapter 4 Test

Start Chapter 4 Test

I.Com Part 2 Principles of Economics Chapter Wise Test
(English Medium)

12th class I.Com Part 2 Principles of Economics chapter 4 Online MCQs test with answers for Principles of Economics

Sr. # Questions Answers Choice
1 In the equation PY=MY showing quantity theory of money Y represents.
  • A. Year of measurement of national income
  • B. National income
  • C. tax revenue of the govt
  • D. a and c above
2 The equation of exchange PT = MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes
3 It is assumption of quantity theory of money
  • A. Quantity of traded goods increases
  • B. Velocity of circulation of money constant
  • C. govt. imposes new taxes
  • D. A and b of above
4 Which people are most likely to gain during inflaction
  • A. Those living on pension
  • B. Those living on their savings
  • C. Those who are repaying borrowed money
  • D. Those who have lent money
5 In Pakistan in June 2016 money supply was about
  • A. Rs.12000 million
  • B. Rs.12000 billion
  • C. Rs.12000 trillion
  • D. More then
6 During inflation
  • A. Lenders lose, borrowers gain
  • B. Borrowers lose, lenders gain
  • C. Borrowers and lenders both lose
  • D. All section of the society gain
7 Value of money and supply of money are related
  • A. Inversels
  • B. Directly
  • C. Govt law
  • D. Are not related
8 They are NOT much affected by rising prices.
  • A. Salaried persons
  • B. Businessinmen
  • C. Debtors
  • D. Importer
9 If quantity of money is doubled, then according to quantity theory, value of money is
  • A. Remains constant
  • B. Doubled
  • C. 1/2
  • D. 1/4
10 Paper money is called fiat money because.
  • A. It is issued with authority of government
  • B. It is convertible into gold
  • C. It can be easily printed
  • D. It is light weight

Chapterwise Lists

Chapter Name Questions PDF File
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Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test 10 Questions
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