12th class Economics chapter 4 online mcq test with answers for ICS part 2 Economics chapter 4 (Value of Money)

Question # 1

Value of money in pakistan in determined by

Govt of Pakistan A
General Price Level B
State Bank Pakistan C
Value of Dollar D

Question # 2

The quantity demanded of money rises.

As the intrest rate falls A
As the intrest rate rises B
As the supply of money falls C
As the number of banks rises D

Question # 3

According to keynes demand for money is affected by

Income A
Rate of intest B
Literacy rate C
a and b of above D

Question # 4

According to Keynes people demand money for purposes .

1 A
2 B
3 C
4 D

Question # 5

For the economy prices are beneficial

Falling slowly A
Rising slowly B
Rising fast C
Falling fast D

Question # 6

The equation of exchange PT =MV was given by

Fisher A
Crowther B
Kuznet C
Keynes D

Question # 7

Value of money means

General purchasing power of money A
Gold purchased by money B
Demand for money C
Importance of money D

Question # 8

Under normal circumstances the velocity of circulation of money in a contry is.

100% A
negative B
Less than 10 C
Zero D

Question # 9

Velocity of circulation of money means.

Total demand for money A
Annual increase in currency notes B
Number of timesa unit of money changes hands C
total supoly of money D

Question # 10

Banks discount it and adance loans.

Draft A
Bill of Exchange B
pay order C
Gold D

Question # 11

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

S A
T B
V C
A D

Question # 12

Value of money and supply of money are related.

Inversely A
Directly B
Govt.Law C
Are not related D

Question # 13

It is assumption of quantity theory of money

Velocity of circulation of money constant A
Affects only industrial sector B
Makes distribution of national income better C
Has no effect on distribution of income D

Question # 14

Drung inflation

Lenders lose borrowers gain A
Borrowers and lenders both ose B
Borrows lose lenders gain C
All sections of the society gain D

Question # 15

When value of money falls, they benefits more

Debtors A
Lenders B
Farmers C
Industrialist D

Question # 16

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

0.25 A
4 B
0.4 C
Billion Rupees D

Question # 17

They are NOT much affected by rising prices.

Salaried persons A
Business B
Debtors C
Importers D

Sr.#	Question	Answer
1	Value of money means	A. General purchasing power of money B. Gold purchased by money C. Demand for money D. Importance of money
2	They are NOT much affected by rising prices.	A. Salaried persons B. Business C. Debtors D. Importers
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	Under normal circumstances the velocity of circulation of money in a contry is.	A. 100% B. negative C. Less than 10 D. Zero
5	Which One is equation of exchange.	A. PT = MV B. PV = MT C. PM = TV D. None
6	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
7	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
8	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
9	For the economy prices are beneficial	A. Falling slowly B. Rising slowly C. Rising fast D. Falling fast
10	When value of money falls, they benefits more	A. Debtors B. Lenders C. Farmers D. Industrialist

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