Money and Value of Money Test 01 Mcqs Preparation Online

1. Which is not the function of money?

A. Measure of value

B. Medium of exchange

C. Make demand and supply equal

D. Store of value

2. Which is money?

A. Credit card

B. Prize bond

C. Currency

D. Check

3. Cash cannot be directly drawn from a bank against?

A. Bearer cheque

B. Cross cheque

C. Order cheque

D. Traveller cheque

4. Rupee is a coin?

A. Token money

B. Full value

C. Credit money

D. Convertible

5. Legal money is called so because?

A. The buyer must pay in that money

B. Sellers do not accept any other money

C. It is official medium of exchange

D. Can be converted into gold

6. Convertible money means?

A. It can buy goods

B. Illegal money

C. Low value money

D. Govt. can give gold against it

7. Barter has the defect?

A. None of the above

B. Goods cannot be exchanged for services

C. Goods exchanged are of inferior quality

D. Lack of common measure of value

8. Money material should be?

A. Scarce

B. Beautiful

C. Abundant

D. Heavy

9. In Pakistan money of account is?

A. Dollar

B. Rupee

C. Paisa

D. Gold

10. If no money is used to exchange goods, it is called?

A. Black market

B. Currency

C. Barter

D. Free trade

Money and Value of Money Test 01 Mcqs Preparation Online

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