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4th Chapter

12th Economics Chapter 4 Test

Here you can prepare 12th Economics English Medium Chapter 4 Value of Money Test. Click the button for 100% free full practice test.

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

This online test contains MCQs about following topics:

. Value of money, Quantity theory, Causes and effects of changes in price , Inflation, Causes, Consequences and remedies, Deflation, Inflation in Pakistan .

ICS Part 2 Economics Ch. 4 Test
ic

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

Sr. # Questions Answers Choice
1 Inflation is a situation when
  • A. Prices of some goods rise
  • B. General price level rises continuously
  • C. Prices double every year
  • D. Prices rise and fall
2 In Pakistan in June 2016 money supply was about
  • A. Rs.12000 million
  • B. Rs.12000 billion
  • C. Rs.12000 trillion
  • D. More then
3 According to keynes people demand money for purposes
  • A. 1
  • B. 2
  • C. 3
  • D. 4
4 If quantity of money increases 100%, other remaining constant, value of money changes by
  • A. Increases by 100%
  • B. Decreases by 100%
  • C. Decreases by 200%
  • D. Does not change
5 During inflation
  • A. Lenders lose, borrowers gain
  • B. Borrowers lose, lenders gain
  • C. Borrowers and lenders both lose
  • D. All section of the society gain
6 Purchasing power of money during deflation is
  • A. Reduced
  • B. Increased
  • C. Constant
  • D. Fluctuating
7 In Pakistan, in the year 2007-08, money supply was about
  • A. Rs. 3400 million
  • B. Rs. 3400 billion
  • C. Rs. 3400 trillion
  • D. Uncountable
8 Velocity of circulation of money means the number of times a unit of money
  • A. Changes hands daily
  • B. Changes hands monthly
  • C. Changes hands annually
  • D. Changes purchasing power
9 The equation of exchanges PT=MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes
10 Purchasing power of money during deflaction is
  • A. Reduced
  • B. Increased
  • C. constant
  • D. funtuaing

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