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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 When value of money falls, they benefit more
  • A. Farmers
  • B. Industrialist
  • C. Lenders
  • D. Debtors
2 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
3 The equation of exchanges PT=MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes
4 According to keynes people demand money for purposes
  • A. 1
  • B. 2
  • C. 3
  • D. 4
5 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
6 When value of money falls,they benefit more
  • A. farmers
  • B. industrialist
  • C. Lenders
  • D. deblor
7 In Pakistan, in the year 2007-08, money supply was about
  • A. Rs. 3400 million
  • B. Rs. 3400 billion
  • C. Rs. 3400 trillion
  • D. Uncountable
8 If quantity of money increases 100%, other remaining constant, value of money changes by
  • A. Increases by 100%
  • B. Decreases by 100%
  • C. Decreases by 200%
  • D. Does not change
9 Value of money and supply of money are related
  • A. Inversels
  • B. Directly
  • C. Govt law
  • D. Are not related
10 In Pakistan in June 2016 money supply was about
  • A. Rs.12000 million
  • B. Rs.12000 billion
  • C. Rs.12000 trillion
  • D. More then

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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