Question # 1

Rupee is a coin

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Full value

Token money

Credite money

Convertible

Cash can NOT be directly drawn fro a bank against

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Cross Cheque

Order cheque

Bearer cheque

Traveller cheque

It is the medium of exchange

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Black money

Currency

Near money

Foreign exchange

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

Paper money in Pakistan is

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Inconvertible

Convertible

Linked to gold

None of the above

Government securities.

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MeanCurrency

Are near money

Are bought and sold on stock exchange market

B and C of above

According to Keynesmotives for holding money are.

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Two

Three

Four

Five

It can change money supply

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National Assembly

Supreme court

Government

State Bank

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

Which is money

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Cheque

Credite card

Currency

Prize Bond

In the equation MV =PY represents

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Money supply

Money Demand

Maximum output

Minimum Optput

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

Cross cheque has a cross sign in the

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Right side upper comer

Right side lowr comer

It does not have cross sign

Left side upper corner

In Pakistan money a account is

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Paisa

Rupee

Gold

Dollar

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ICS Part 2 Economics English Medium Chapter 3 Online Test MCQs With Answers

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