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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. 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

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Lahore25 - Apr - 2024

16/17
02 Mins 27 Sec
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#### Pigeons Planet

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10 Mins 15 Sec

### Chapterwise Lists

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