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Online Tests
ICS Part 2 Economics English Medium Chapter 3 Online Test MCQs With Answers
Question # 1
Cheque is
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Legal Money
Credit money
Paper money
Not money
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Question # 2
Cash can NOT be directly drawn fro a bank against
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Cross Cheque
Order cheque
Bearer cheque
Traveller cheque
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Question # 3
This is a difficulty of barter
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Lack of double coincidence of wants
Diffculty to produce goods at larger scale
Lack of divisiblility of many goods
All of the above
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Question # 4
Paper money in Pakistan is
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Inconvertible
Convertible
Linked to gold
None of the above
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Question # 5
Money Material should be
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Abundant
Scarce
Beautiful
Heavy
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Question # 6
Ten Rupee note is
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Token money
Creadit money
Legal Money
a and c of above
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Question # 7
It is included in kind of money
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Legal money
Credit money
Taken money
All of the above
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Question # 8
Quantity of oney has relation with alue of money
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Direct
Indirect
Inverse
No relation
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Question # 9
This is a characeristics of good money
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High intricnsic value
General acceptability
Atractive design
Easy of duplicate
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Question # 10
Government securities.
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MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 11
Which is not a Function of money
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Make demand and supply equal
Medium of exchange
Store of value
Meaasure of value
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Question # 12
It can change money supply
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National Assembly
Supreme court
Government
State Bank
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Question # 13
Convert money means.
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It can buy goods
Govt. give gold against
Illegal money
Low value money
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Question # 14
In the equation MV =Py. V represents
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Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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Question # 15
Which is money
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Cheque
Credite card
Currency
Prize Bond
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Question # 16
Cross cheque has tow lines drawn on
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Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 17
Rupee is a coin
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Full value
Token money
Credite money
Convertible
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