ICS Part 2 Economics English Medium Chapter 2 Short Questions with Answers

Online Short Questions For Chapter 2 "ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test "

Try The Short Questions For ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test

  • Total Questions10

  • Available Sets6

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Economics - ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test

Question # 1

Define Bonds.

  • Ans 1: Bonds are documents which are issued by thejoint stock companies to get loan. On the bond. value of bond rate of interest and time period are written. Biuyer of the bond cna get his amount with intrest after the expiry of the time period of the bond.
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Prepare Complete Set Wise Questions For Chapter 2 "ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test "

ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 1

Question # 1

Define Bonds.

  • Ans 1: Bonds are documents which are issued by thejoint stock companies to get loan. On the bond. value of bond rate of interest and time period are written. Biuyer of the bond cna get his amount with intrest after the expiry of the time period of the bond.
Submit

ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 2

Question # 1

Explain metallic standard money.

  • Ans 1: It is the metallic coin whose face value is equal to its intrinsic value. Such coin is also called" Full Bodied coin" one rupee silver coin used in subcontinent from 1835 to 1893 was fullbodied coin.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 3

Question # 1

Write four limitations of credit creation.

  • Ans 1: 1- Need of cash 2- Presence of borrowers 3- Shortage of gurantees.
  • Ans 2: 4- Policy of centrla bank
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 4

Question # 1

Write difficulties of barter system.

  • Ans 1: 1- Lack of double coincidence of wants.
  • Ans 2: 2- Lack of common measure of value
  • Ans 3: 3- Lack of store of value.
  • Ans 4: 4- Goods of small value cannot be attained in exchange of indivisible goods of high value.
  • Ans 5: 5- Difficulty in transfer of wealth.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 5

Question # 1

Explain unlimited legal tender money

  • Ans 1: The kind of money which has no specific extant to be accepted by the people whatever amount of this kind of money may be, it is accepted by every one and no one can refuse it.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 6

Question # 1

State motives of demand for money.

  • Ans 1: 1- House hold motive 2- Business motive
  • Ans 2: 3- Precautionary motive 4- Speculative motive
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ICS Part 2 Economics Chapter 2 Test

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