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### 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

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

1 They are NOT much affected by rising prices.
• A. Salaried persons
• C. Debtors
• D. Importer
2 Purchasing power of money during deflation is
• A. Reduced
• B. Increased
• C. Constant
• D. Fluctuating
3 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
4 The equation of exchange PT = MV was given by
• A. Fisher
• B. Crowther
• C. Kuznet
• D. Keynes
5 In the equation PY=MY showing quantity theory of money Y represents.
• A. Year of measurement of national income
• B. National income
• C. tax revenue of the govt
• D. a and c above
6 It is assumption of quantity theory of money
• A. Quantity of traded goods increases
• B. Velocity of circulation of money constant
• C. govt. imposes new taxes
• D. A and b of above
7 Which one is equation of exchange
• A. PT = MV
• B. PV = MT
• C. PM = TV
• D. None
8 The quantity of money increases 100% other things remaining constant, value of money changes by
• A. Increases by 100%
• B. Decreases by 100%
• C. Decreases by 200%
• D. Does not change
9 For the economy, prices are beneficial
• A. Falling slowly
• B. Rising slowly
• C. Rising fast
• D. Falling fast
10 The equation of exchanges PT=MV was given by
• A. Fisher
• B. Crowther
• C. Kuznet
• D. Keynes

### Chapterwise Lists

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