12th class Economics chapter 4 online mcq test with answers for ICS part 2 Economics chapter 4 (Value of Money)

Question # 1

According to keynes demand for money is affected by

Income A
Rate of intest B
Literacy rate C
a and b of above D

Question # 2

If we put this letter in the blank space we get quantity theory of money PY =M

S A
T B
V C
A D

Question # 3

The equation of exchange PT =MV was given by

Fisher A
Crowther B
Kuznet C
Keynes D

Question # 4

Value of money in pakistan in determined by

Govt of Pakistan A
General Price Level B
State Bank Pakistan C
Value of Dollar D

Question # 5

Drung inflation

Lenders lose borrowers gain A
Borrowers and lenders both ose B
Borrows lose lenders gain C
All sections of the society gain D

Question # 6

Under normal circumstances the velocity of circulation of money in a contry is.

100% A
negative B
Less than 10 C
Zero D

Question # 7

They are NOT much affected by rising prices.

Salaried persons A
Business B
Debtors C
Importers D

Question # 8

Value of money and supply of money are related.

Inversely A
Directly B
Govt.Law C
Are not related D

Question # 9

It is assumption of quantity theory of money

Velocity of circulation of money constant A
Affects only industrial sector B
Makes distribution of national income better C
Has no effect on distribution of income D

Question # 10

When value of money falls, they benefits more

Debtors A
Lenders B
Farmers C
Industrialist D

Question # 11

Banks discount it and adance loans.

Draft A
Bill of Exchange B
pay order C
Gold D

Question # 12

Value of money means

General purchasing power of money A
Gold purchased by money B
Demand for money C
Importance of money D

Question # 13

Which One is equation of exchange.

PT = MV A
PV = MT B
PM = TV C
None D

Question # 14

Value of circulation money means by number of times a unit of money

Change hands daily A
Change hand annually B
change hands montly C
Change purchacing power D

Question # 15

For the economy prices are beneficial

Falling slowly A
Rising slowly B
Rising fast C
Falling fast D

Question # 16

The quantity demanded of money rises.

As the intrest rate falls A
As the intrest rate rises B
As the supply of money falls C
As the number of banks rises D

Question # 17

Velocity of circulation of money means.

Total demand for money A
Annual increase in currency notes B
Number of timesa unit of money changes hands C
total supoly of money D

Sr.#	Question	Answer
1	Under normal circumstances the velocity of circulation of money in a contry is.	A. 100% B. negative C. Less than 10 D. Zero
2	Value of circulation money means by number of times a unit of money	A. Change hands daily B. Change hand annually C. change hands montly D. Change purchacing power
3	Pursching power of money during defiation is.	A. Increased B. Reduced C. Constant D. Fluctuating
4	Velocity of circulation of money means.	A. Total demand for money B. Annual increase in currency notes C. Number of timesa unit of money changes hands D. total supoly of money
5	According to keynes demand for money is affected by	A. Income B. Rate of intest C. Literacy rate D. a and b of above
6	Which One is equation of exchange.	A. PT = MV B. PV = MT C. PM = TV D. None
7	Value of money means	A. General purchasing power of money B. Gold purchased by money C. Demand for money D. Importance of money
8	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
9	The equation of exchange PT =MV was given by	A. Fisher B. Crowther C. Kuznet D. Keynes
10	They are NOT much affected by rising prices.	A. Salaried persons B. Business C. Debtors D. Importers

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According to keynes demand for money is affected by

If we put this letter in the blank space we get quantity theory of money PY =M

The equation of exchange PT =MV was given by

Value of money in pakistan in determined by

Drung inflation

Under normal circumstances the velocity of circulation of money in a contry is.

They are NOT much affected by rising prices.

Value of money and supply of money are related.

It is assumption of quantity theory of money

When value of money falls, they benefits more

Banks discount it and adance loans.

Value of money means

Which One is equation of exchange.

Value of circulation money means by number of times a unit of money

For the economy prices are beneficial

The quantity demanded of money rises.

Velocity of circulation of money means.

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