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Online Tests
Economics Ics Part 2 English Medium Chapter 3 Online Test MCQs With Answers
Question # 1
Which is the charactertistic of good money
Choose an answer
Has good design
Has high value
Has a fixed value in gold
Is readily accepted by people
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Question # 2
The most importnat fature of money
Choose an answer
General acceptability
Store of value
Covertibility into gold
Medium of exchange
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Question # 3
Government securities.
Choose an answer
MeanCurrency
Are near money
Are bought and sold on stock exchange market
B and C of above
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Question # 4
Quantity of oney has relation with alue of money
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Direct
Indirect
Inverse
No relation
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Question # 5
Cheque is
Choose an answer
Legal Money
Credit money
Paper money
Not money
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Question # 6
Money Material should be
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Abundant
Scarce
Beautiful
Heavy
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Question # 7
It is the medium of exchange
Choose an answer
Black money
Currency
Near money
Foreign exchange
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Question # 8
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 # 9
Ten Rupee note is
Choose an answer
Token money
Creadit money
Legal Money
a and c of above
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Question # 10
Cross cheque has tow lines drawn on
Choose an answer
Right side upper corner
Left side upper corner
Right side lower corner
In the Centre
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Question # 11
Barter means.
Choose an answer
Trade through metallic money only
Trade of goods ony excluding services
Trade without use of money
Trade of low value goods only
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Question # 12
According to Keynesmotives for holding money are.
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Two
Three
Four
Five
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Question # 13
This is NOT money
Choose an answer
Currency
Prize Bond
Demand deposit oin a bank
Coins
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Question # 14
Commercial Bank create
Choose an answer
Credit money
Token money
Legal Money
Do not create money
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Question # 15
Paper money in Pakistan is
Choose an answer
Inconvertible
Convertible
Linked to gold
None of the above
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Question # 16
Speculative demand for money depends upon
Choose an answer
Income
Investment
Rate of Interest
Central bank
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Question # 17
In the equation MV =Py. V represents
Choose an answer
Value of money
Velocity of circulation of money
Variation of nation income
All of the above
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