Economics MCQ Quiz Hub

Economics Money and Value of Money

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1. Rupee is a coin:




2. Cash cannot be directly drawn from a bank against:




3. Money material should be:




4. In Pakistan money of account is:




5. If no money is used to exchange goods it is called:




6. Which is not the function of money:




7. Which is money:




8. Convertible money means:




9. Barter has the defect:




10. Legal money is called so because:




11. It is the medium of exchange:




12. The govt. can control inflation by:




13. Government of Pakistan issues currency on the basis of:




14. Quantity of money has relation with value of money:




15. Commercial banks create:




16. Cheque is:




17. The most important feature of money:




18. It can change money supply:




19. Which of the following increases money supply in the country?




20. Paper money came into use:




21. Which property the paper money does not possess:




22. A saving account in a bank represents the function of money:




23. A student records her income and spending for past month she uses the funtion of money




24. It implements monetary policy of the country:




25. Which property paper money does NOT Possess




26. Anything used as money must be:




27. What will promote savings?




28. Treasury Bill is a document used for:




29. Which does NOT represent a method of payment?




30. Which is NOT a desirable characteristic of money?




31. Speculative demand for money depends upon:




32. If money supply in a country decreases:




33. In the equation MV = PY V represents:




34. In the equation MV = PY M represents:




35. Accourding to Keynes motives for holding money are:




36. Quantity Theory of Money explains that:




37. Cross cheque has a cross sign (X) in the:




38. Cross cheque means:




39. It is true to say about kinds of inflation:




40. Liquidity of a monetary asset means:




41. Barter means:




42. With reference to currency system of a country token money means:




43. Ten-rupee note is:




44. Paper money in Pakistan is:




45. Government securities:




46. Which is the characteristic of a good money:




47. This is a characteristic of good money:




48. It is a kind of money:




49. This is NOT money




50. Cross cheque:




51. It is included in kinds of money:




52. In payment of debt people can use this kind of money:




53. Purchasing power of money during deflation is:




54. Velocity of circulation of money means the number of times a unit of money




55. The equation of exchange PT = MV was given by:




56. Value of money in Pakistan is determined by:




57. When value of money falls they benefit more:




58. Which one is equation of exchange?




59. Inflation can be controlled by applying:




60. Inflation is a situation when :




61. Under normal circumstances the velocity of circulation of money in a country is:




62. In Pakistan in the year 2007-08 money supply was about




63. Banks discount it and advance loans:




64. Paper money is called fiat money because




65. According to Keynes demand for money is affected by:




66. During inflation:




67. The quantity demanded of money rises:




68. Which people are most likely to gain during inflation?




69. If quantity of money increases 100% other things remaining constant value of money changes by: