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

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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

Explain limed legal tender money.

  • Ans 1: The kind of money in which payment canbe made only to a certain extant is called Limited legal tender money. In Pakistan. 25 paisa and other lower value coins were limited legal tender money One could pay up to 20 Rupees by these coins.
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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

Explain limed legal tender money.

  • Ans 1: The kind of money in which payment canbe made only to a certain extant is called Limited legal tender money. In Pakistan. 25 paisa and other lower value coins were limited legal tender money One could pay up to 20 Rupees by these coins.
Submit

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

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 3

Question # 1

Write functions of meny.

  • Ans 1: 1- Medium of exchange 2- Common measure of value
  • Ans 2: 3- Store of value 4- Standared of future payments
  • Ans 3: 5- Transfer of value 6- A base for Govt. payments and revenues
  • Ans 4: 7- Unit of account
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 4

Question # 1

Defube kegak tender money.

  • Ans 1: Legal tender money means the money whichis legally accepted The people of country are bund to accept it in general dealings and payments of lonas. The person who refuses to accept it is a criminal in the eye of law .He is entitle dto punishing.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 5

Question # 1

What is cheque.

  • Ans 1: A cheque is an order by a depositor to a bank for paying the amoutn state don the cheque to the presenter of the cheque. Bank makes th epayment if the amount of the cheque is int he account and the signatures of the accout holder and all entries fo the cheque are correct.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 6

Question # 1

Explain limed legal tender money.

  • Ans 1: The kind of money in which payment canbe made only to a certain extant is called Limited legal tender money. In Pakistan. 25 paisa and other lower value coins were limited legal tender money One could pay up to 20 Rupees by these coins.
Submit

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ICS Part 2 Economics Chapter 2 Test

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