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

Value of money and supply of money are related.

Question # 2

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

Question # 3

Drung inflation

Question # 4

Banks discount it and adance loans.

Question # 5

Which One is equation of exchange.

Question # 6

According to keynes demand for money is affected by

Question # 7

The equation of exchange PT =MV was given by

Question # 8

According to Keynes people demand money for purposes .

Question # 9

When value of money falls, they benefits more

Question # 10

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

Question # 11

They are NOT much affected by rising prices.

Question # 12

Pursching power of money during defiation is.

Question # 13

Value of money in pakistan in determined by

Question # 14

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

Question # 15

Velocity of circulation of money means.

Question # 16

For the economy prices are beneficial

Question # 17

Under normal circumstances the velocity of circulation of money in a contry 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 According to keynes demand for money is affected by
A. Income
B. Rate of intest
C. Literacy rate
D. a and b of above
2 When the nations money supply is Rs. 1200 million and GDP is Rs. 4800 billion. velocity of circulation money is.
A. 0.25
B. 4
C. 0.4
D. Billion Rupees
3 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
4 They are NOT much affected by rising prices.
A. Salaried persons
B. Business
C. Debtors
D. Importers
5 For the economy prices are beneficial
A. Falling slowly
B. Rising slowly
C. Rising fast
D. Falling fast
6 Under normal circumstances the velocity of circulation of money in a contry is.
A. 100%
B. negative
C. Less than 10
D. Zero
7 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
8 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
9 When value of money falls, they benefits more
A. Debtors
B. Lenders
C. Farmers
D. Industrialist
10 Banks discount it and adance loans.
A. Draft
B. Bill of Exchange
C. pay order
D. Gold

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