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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 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
2 Value of money and supply of money are related.
  • A. Inversely
  • B. Directly
  • C. Govt.Law
  • D. Are not related
3 The equation of exchange PT =MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes
4 For the economy prices are beneficial
  • A. Falling slowly
  • B. Rising slowly
  • C. Rising fast
  • D. Falling fast
5 Drung inflation
  • A. Lenders lose borrowers gain
  • B. Borrowers and lenders both ose
  • C. Borrows lose lenders gain
  • D. All sections of the society gain
6 Value of money means
  • A. General purchasing power of money
  • B. Gold purchased by money
  • C. Demand for money
  • D. Importance of money
7 Value of circulation money means by number of times a unit of money
  • A. Change hands daily
  • B. Change hand annually
  • C. change hands montly
  • D. Change purchacing power
8 It is assumption of quantity theory of money
  • A. Velocity of circulation of money constant
  • B. Affects only industrial sector
  • C. Makes distribution of national income better
  • D. Has no effect on distribution of income
9 Which One is equation of exchange.
  • A. PT = MV
  • B. PV = MT
  • C. PM = TV
  • D. None
10 Value of money in pakistan in determined by
  • A. Govt of Pakistan
  • B. General Price Level
  • C. State Bank Pakistan
  • D. Value of Dollar

Top Scorers of Economics Ics Part 2 English Medium Chapter 4 Online Test

M

Muhammad Kashif

Lahore25 - Apr - 2024

16/17
02 Mins 27 Sec
P

Pigeons Planet

Lahore06 - Mar - 2024

9/17
10 Mins 15 Sec

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