Money and Value of Money Test 01 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Money and Value of Money Test 01 Mcqs Preparation Online 1. If no money is used to exchange goods, it is called?A. Free tradeB. Currency C. Barter D. Black market Loading... 2. Which is not the function of money?A. Store of value B. Medium of exchange C. Make demand and supply equal D. Measure of value Loading... 3. Cash cannot be directly drawn from a bank against?A. Traveller chequeB. Bearer cheque C. Order cheque D. Cross cheque Loading... 4. Legal money is called so because?A. It is official medium of exchangeB. The buyer must pay in that money C. Can be converted into gold D. Sellers do not accept any other money Loading... 5. Money material should be?A. Abundant B. Beautiful C. HeavyD. Scarce Loading... 6. Which is money?A. Prize bondB. Currency C. Check D. Credit card Loading... 7. In Pakistan money of account is?A. Rupee B. Paisa C. DollarD. Gold Loading... 8. Convertible money means?A. Illegal money B. It can buy goods C. Govt. can give gold against it D. Low value money Loading... 9. Rupee is a coin?A. Credit money B. ConvertibleC. Token money D. Full value Loading... 10. Barter has the defect?A. Goods cannot be exchanged for services B. Goods exchanged are of inferior quality C. Lack of common measure of value D. None of the above Loading... Loading...
