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

Drung inflation

Question # 2

Which One is equation of exchange.

Question # 3

Value of money and supply of money are related.

Question # 4

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

Question # 5

The quantity demanded of money rises.

Question # 6

When value of money falls, they benefits more

Question # 7

Value of money in pakistan in determined by

Question # 8

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

Question # 9

Velocity of circulation of money means.

Question # 10

According to Keynes people demand money for purposes .

Question # 11

Pursching power of money during defiation is.

Question # 12

They are NOT much affected by rising prices.

Question # 13

The equation of exchange PT =MV was given by

Question # 14

According to keynes demand for money is affected by

Question # 15

It is assumption of quantity theory of money

Question # 16

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

Question # 17

Banks discount it and adance loans.

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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 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
2 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
3 According to keynes demand for money is affected by
A. Income
B. Rate of intest
C. Literacy rate
D. a and b of above
4 Which One is equation of exchange.
A. PT = MV
B. PV = MT
C. PM = TV
D. None
5 If we put this letter in the blank space we get quantity theory of money PY =M
A. S
B. T
C. V
D. A
6 When value of money falls, they benefits more
A. Debtors
B. Lenders
C. Farmers
D. Industrialist
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 Pursching power of money during defiation is.
A. Increased
B. Reduced
C. Constant
D. Fluctuating
9 Banks discount it and adance loans.
A. Draft
B. Bill of Exchange
C. pay order
D. Gold
10 For the economy prices are beneficial
A. Falling slowly
B. Rising slowly
C. Rising fast
D. Falling fast

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