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 "

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  • Available Sets6

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

Question # 1

Write components of supply of money.

  • Ans 1: Coins, currency notes nad credit money
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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

Write components of supply of money.

  • Ans 1: Coins, currency notes nad credit money
Submit

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

Question # 1

What is cross cheque.

  • Ans 1: Whenon the left hand upper corner of an order cheque two parallel lines are drawn in which the words "Payee account only are written, that order cheque becomes crossed cheque. The amount written on this cheque is deposited in the account of a person in whose name the cheque is issued.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 3

Question # 1

Define barter system in the word of stainly Fisher.

  • Ans 1: Barter economy means the economy in which no good is generally accepted and goods are exchanged with goods.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 4

Question # 1

Write five advantages of paper money.

  • Ans 1: 1- Saving of metals 2- Saving of coinage
  • Ans 2: 3- No fall in the value 4- Easy transferability
  • Ans 3: 5- Elastic supply
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 5

Question # 1

Write four monetary measures to control credit creation.

  • Ans 1: 1- Bnak rate polciy 2- Open market operation
    3- Change in the reserve ratio
  • Ans 2: 4- Change in the cash ratio
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 6

Question # 1

What is meant by credit money.

  • Ans 1: It is kind of money which ha sno legal cover but circulates in the coutnry just because of trust of belief. Cheques, drafts, credit cards and bills of exchange etc, issued by commercial banks are credit money
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ICS Part 2 Economics Chapter 2 Test

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