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

Write kinds of money.

  • Ans 1: 1- Metallic money 2- paper money 3- Cridit money
    4- Legal tender money
  • Ans 2: 5- Near money 6- Money of account 7- Foreign exchange.
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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 kinds of money.

  • Ans 1: 1- Metallic money 2- paper money 3- Cridit money
    4- Legal tender money
  • Ans 2: 5- Near money 6- Money of account 7- Foreign exchange.
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

What is meant by near money

  • Ans 1: The money whihc is not used a once of for business dealings but it can be converted in net cash after a little effort, is called near money Saving deposits, time deports depostied in bank, Gove securites, bonds, shares of firms are near money.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 4

Question # 1

What is menat by inconvertible paper money.

  • Ans 1: These are the notes that cannot be converted in gold or silver or foreign exchange Inother word Govt of the coutry does not take the responsibility for convertiing them in gold, silver, or foreign exchange.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 5

Question # 1

Write characteristics of good money.

  • Ans 1: 1- General acceptability 2- Durability 3- Homogeneity
  • Ans 2: 4- Divisibility 5- Convertibility 6- Recognizability
  • Ans 3: 7- Reasobable quantity 8- Stability in value
  • Ans 4: 9- Should not be forged
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 6

Question # 1

What is meant by Paper Money

  • Ans 1: Paper money means notes made of paper whihc are issued by the governemnt or by the central bank of the country. The notes are legal tender money. Thg notes are accepted in general business dealings as medium of exchange.
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ICS Part 2 Economics Chapter 2 Test

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