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

Question # 1

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

100% A
negative B
Less than 10 C
Zero D

Question # 2

Banks discount it and adance loans.

Draft A
Bill of Exchange B
pay order C
Gold D

Question # 3

The equation of exchange PT =MV was given by

Fisher A
Crowther B
Kuznet C
Keynes D

Question # 4

For the economy prices are beneficial

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

Question # 5

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 # 6

Value of money and supply of money are related.

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

Question # 7

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 # 8

Which One is equation of exchange.

PT = MV A
PV = MT B
PM = TV C
None D

Question # 9

When value of money falls, they benefits more

Debtors A
Lenders B
Farmers C
Industrialist D

Question # 10

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 # 11

They are NOT much affected by rising prices.

Salaried persons A
Business B
Debtors C
Importers D

Question # 12

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 # 13

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

Change hands daily A
Change hand annually B
change hands montly C
Change purchacing power D

Question # 14

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 # 15

Pursching power of money during defiation is.

Increased A
Reduced B
Constant C
Fluctuating D

Question # 16

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 # 17

According to keynes demand for money is affected by

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

Sr.#	Question	Answer
1	Value of circulation money means by number of times a unit of money	A. Change hands daily B. Change hand annually C. change hands montly D. Change purchacing power
2	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
3	According to keynes demand for money is affected by	A. Income B. Rate of intest C. Literacy rate D. a and b of above
4	Banks discount it and adance loans.	A. Draft B. Bill of Exchange C. pay order D. Gold
5	They are NOT much affected by rising prices.	A. Salaried persons B. Business C. Debtors D. Importers
6	Pursching power of money during defiation is.	A. Increased B. Reduced C. Constant D. Fluctuating
7	When value of money falls, they benefits more	A. Debtors B. Lenders C. Farmers D. Industrialist
8	Under normal circumstances the velocity of circulation of money in a contry is.	A. 100% B. negative C. Less than 10 D. Zero
9	Value of money and supply of money are related.	A. Inversely B. Directly C. Govt.Law D. Are not related
10	The equation of exchange PT =MV was given by	A. Fisher B. Crowther C. Kuznet D. Keynes

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

Banks discount it and adance loans.

The equation of exchange PT =MV was given by

For the economy prices are beneficial

The quantity demanded of money rises.

Value of money and supply of money are related.

Drung inflation

Which One is equation of exchange.

When value of money falls, they benefits more

Value of money in pakistan in determined by

They are NOT much affected by rising prices.

It is assumption of quantity theory of money

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

Velocity of circulation of money means.

Pursching power of money during defiation is.

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

According to keynes demand for money is affected by

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