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"

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  • Total Questions17

  • Time Allowed20

ICS Part 2 Economics English Medium Chapter 3 Online Test

00:00
Question # 1

It is the medium of exchange

Question # 2

This is a difficulty of barter

Question # 3

Paper money in Pakistan is

Question # 4

In the equation MV =Py. V represents

Question # 5

In the equation MV =PY represents

Question # 6

Ten Rupee note is

Question # 7

Cross cheque has a cross sign in the

Question # 8

Government securities.

Question # 9

Barter means.

Question # 10

Which is not a Function of money

Question # 11

This is a characeristics of good money

Question # 12

Convert money means.

Question # 13

In Pakistan money a account is

Question # 14

It is included in kind of money

Question # 15

Speculative demand for money depends upon

Question # 16

Quantity of oney has relation with alue of money

Question # 17

This is NOT money

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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 If no money is used to exchange goods it is called.
A. Barter
B. Currency
C. Black Market
D. Free Trade
2 Money Material should be
A. Abundant
B. Scarce
C. Beautiful
D. Heavy
3 This is a characeristics of good money
A. High intricnsic value
B. General acceptability
C. Atractive design
D. Easy of duplicate
4 Barter means.
A. Trade through metallic money only
B. Trade of goods ony excluding services
C. Trade without use of money
D. Trade of low value goods only
5 Which is the charactertistic of good money
A. Has good design
B. Has high value
C. Has a fixed value in gold
D. Is readily accepted by people
6 Paper money in Pakistan is
A. Inconvertible
B. Convertible
C. Linked to gold
D. None of the above
7 In Pakistan money a account is
A. Paisa
B. Rupee
C. Gold
D. Dollar
8 Which is money
A. Cheque
B. Credite card
C. Currency
D. Prize Bond
9 This is a characteristic of good money
A. High intrinsic value
B. Liquidity
C. Attractive design
D. Easy to duplicate
10 Commercial Bank create
A. Credit money
B. Token money
C. Legal Money
D. Do not create money

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