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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 They are NOT much affected by rising prices.
  • A. Salaried persons
  • B. Business
  • C. Debtors
  • D. Importers
2 Banks discount it and adance loans.
  • A. Draft
  • B. Bill of Exchange
  • C. pay order
  • D. Gold
3 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
4 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
5 Which One is equation of exchange.
  • A. PT = MV
  • B. PV = MT
  • C. PM = TV
  • D. None
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 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 Value of money and supply of money are related.
  • A. Inversely
  • B. Directly
  • C. Govt.Law
  • D. Are not related
9 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
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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