2nd Year Economics Chapter 3 Online MCQ Test for 12th Class Economics Chapter 3 (Money)

ICS Part 2 Economics English Medium Chapter 3 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 3 Online Test"

Try The MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 3 Online Test"

  • Total Questions17

  • Time Allowed20

ICS Part 2 Economics English Medium Chapter 3 Online Test

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Question # 1

Which is the charactertistic of good money

Question # 2

According to Keynesmotives for holding money are.

Question # 3

It is included in kind of money

Question # 4

In the equation MV =Py. V represents

Question # 5

The most importnat fature of money

Question # 6

Cross cheque has tow lines drawn on

Question # 7

Which is money

Question # 8

Quantity of oney has relation with alue of money

Question # 9

Which is not a Function of money

Question # 10

This is a characeristics of good money

Question # 11

This is a difficulty of barter

Question # 12

This is NOT money

Question # 13

Cash can NOT be directly drawn fro a bank against

Question # 14

Cheque is

Question # 15

If no money is used to exchange goods it is called.

Question # 16

It is the medium of exchange

Question # 17

Rupee is a coin

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ICS Part 2 Economics English Medium Chapter 3 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 In the equation MV =Py. V represents
A. Value of money
B. Velocity of circulation of money
C. Variation of nation income
D. All of the above
2 This is a difficulty of barter
A. Lack of double coincidence of wants
B. Diffculty to produce goods at larger scale
C. Lack of divisiblility of many goods
D. All of the above
3 According to Keynesmotives for holding money are.
A. Two
B. Three
C. Four
D. Five
4 Paper money in Pakistan is
A. Inconvertible
B. Convertible
C. Linked to gold
D. None of the above
5 Cheque is
A. Legal Money
B. Credit money
C. Paper money
D. Not money
6 This is a characteristic of good money
A. High intrinsic value
B. Liquidity
C. Attractive design
D. Easy to duplicate
7 Convert money means.
A. It can buy goods
B. Govt. give gold against
C. Illegal money
D. Low value money
8 In the equation MV =PY represents
A. Money supply
B. Money Demand
C. Maximum output
D. Minimum Optput
9 Speculative demand for money depends upon
A. Income
B. Investment
C. Rate of Interest
D. Central bank
10 Government securities.
A. MeanCurrency
B. Are near money
C. Are bought and sold on stock exchange market
D. B and C of above

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