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3rd Chapter

12th Economics Chapter 3 Test

Here you can prepare 12th Economics English Medium Chapter 3 Money Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Barter and its difficulties, Evolution of money, Money, Functions of money, Kinds of money, Instruments of money, Credit cards, ATM, Traveller cheques, Demand for and Supply of money.

ICS Part 2 Economics Ch. 3 Test
ic

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

Sr. # Questions Answers Choice
1 If no money is used to exchange goods. It is called.
  • A. Barter
  • B. Currency
  • C. black marke
  • D. free trade
2 Money material should be
  • A. Abdundent
  • B. Scarce
  • C. Beautiful
  • D. heavy
3 If no money is used to exchange goods, it is called
  • A. Barter
  • B. Currency
  • C. Black market
  • D. Free trade
4 Paper money come int use
  • A. 100 years ago
  • B. 200 years ago
  • C. 1000 years ago
  • D. 2000 years ago
5 It is medium of exchange
  • A. Black money
  • B. Near money
  • C. Currency
  • D. Foreign exchange
6 According to keynes, motives for holding money are
  • A. Two
  • B. Three
  • C. Four
  • D. Five
7 Commercial banks create
  • A. Credit money
  • B. Token money
  • C. Legal money
  • D. Do not create money
8 Barter has the defect
  • A. Goods exchange are of inferior quality
  • B. Goods cannot be exchanged for services
  • C. Lack of common measure of value
  • D. None of the above
9 Paper money came into common use
  • A. 100 years ago
  • B. 200 years ago
  • C. 1000 years ago
  • D. 2000 years ago
10 It can change money supply
  • A. National Assembly
  • B. Supreme Court
  • C. Government
  • D. State Bank

Top Scorers of Economics Ics Part 2 English Medium Chapter 3 Online Test

S

Samar Amer

Lahore04 - Apr - 2023

11/17
01 Mins 49 Sec
H

Hamza Abid

Abbottabad11 - May - 2023

10/17
10 Mins 50 Sec

Chapterwise Lists

Chapter Name Questions PDF File
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