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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 Value of money and supply of money are related
  • A. Inversels
  • B. Directly
  • C. Govt law
  • D. Are not related
2 Which one is equation of exchange
  • A. PT = MV
  • B. PV = MT
  • C. PM = TV
  • D. None
3 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
4 Under normal circumstances, the velocity of circulation of money in a country is:
  • A. 100%
  • B. Negative
  • C. less then 10
  • D. zero
5 In Pakistan in June 2016 money supply was about
  • A. Rs.12000 million
  • B. Rs.12000 billion
  • C. Rs.12000 trillion
  • D. More then
6 The quantity demanded of money rises
  • A. As the interest rises
  • B. As the interest rate falls
  • C. As the supply of money falls
  • D. As the number if banks rises
7 When a national money supply is Rs.1200 billion and GDP is Rs.4800 billion,velocity of circulation money is
  • A. 0.25
  • B. 4
  • C. 0.4
  • D. billion rupees
8 Which people are most likely to gain during inflaction
  • A. Those living on pension
  • B. Those living on their savings
  • C. Those who are repaying borrowed money
  • D. Those who have lent money
9 Purchasing power of money during deflaction is
  • A. Reduced
  • B. Increased
  • C. constant
  • D. funtuaing
10 The equation of exchange PT = MV was given by
  • A. Fisher
  • B. Crowther
  • C. Kuznet
  • D. Keynes

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