2nd Year Economics Chapter 4 Online MCQ Test for 12th Class Economics Chapter 4 (Value of Money)

ICS Part 2 Economics English Medium Chapter 4 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 4 Online Test"

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ICS Part 2 Economics English Medium Chapter 4 Online Test

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Question # 1

Velocity of circulation of money means.

Question # 2

Value of money in pakistan in determined by

Question # 3

Under normal circumstances the velocity of circulation of money in a contry is.

Question # 4

When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.

Question # 5

The equation of exchange PT =MV was given by

Question # 6

Value of money means

Question # 7

For the economy prices are beneficial

Question # 8

The quantity demanded of money rises.

Question # 9

Banks discount it and adance loans.

Question # 10

Value of circulation money means by number of times a unit of money

Question # 11

If we put this letter in the blank space we get quantity theory of money PY =M

Question # 12

Value of money and supply of money are related.

Question # 13

According to Keynes people demand money for purposes .

Question # 14

Drung inflation

Question # 15

They are NOT much affected by rising prices.

Question # 16

Which One is equation of exchange.

Question # 17

Pursching power of money during defiation is.

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ICS Part 2 Economics English Medium Chapter 4 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 When value of money falls, they benefits more
A. Debtors
B. Lenders
C. Farmers
D. Industrialist
2 Velocity of circulation of money means.
A. Total demand for money
B. Annual increase in currency notes
C. Number of timesa unit of money changes hands
D. total supoly of money
3 For the economy prices are beneficial
A. Falling slowly
B. Rising slowly
C. Rising fast
D. Falling fast
4 Banks discount it and adance loans.
A. Draft
B. Bill of Exchange
C. pay order
D. Gold
5 Pursching power of money during defiation is.
A. Increased
B. Reduced
C. Constant
D. Fluctuating
6 According to Keynes people demand money for purposes .
A. 1
B. 2
C. 3
D. 4
7 Value of money in pakistan in determined by
A. Govt of Pakistan
B. General Price Level
C. State Bank Pakistan
D. Value of Dollar
8 Value of money and supply of money are related.
A. Inversely
B. Directly
C. Govt.Law
D. Are not related
9 The equation of exchange PT =MV was given by
A. Fisher
B. Crowther
C. Kuznet
D. Keynes
10 The quantity demanded of money rises.
A. As the intrest rate falls
B. As the intrest rate rises
C. As the supply of money falls
D. As the number of banks rises

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