Money and Value of Money Test 05 Mcqs Preparation Online

1. Ten-rupee note is?

A. (a) and (c) of above

B. Credit money

C. Legal money

D. Token money

2. Barter means?

A. Trade without use of money

B. Trade of very low value goods

C. Trade through metallic money only

D. Trade of goods only excluding services

3. This is NOT money?

A. Prize bond

B. Coins

C. Demand deposit in a bank

D. Currency

4. Paper money in Pakistan is?

A. Linked to gold

B. Convertible

C. None of the above

D. Inconvertible

5. This is a characteristic of good money?

A. Liquidity

B. High intrinsic value

C. Attractive design

D. Easy to duplicate

6. This is a characteristic of good money?

A. High intrinsic value

B. Attractive design

C. High purchasing power

D. General acceptability

7. Which is the characteristic of a good money?

A. Has a fixed value in gold

B. Has good design

C. Has high value

D. Is readily accepted by people

8. Cross cheque?

A. Is not accepted by banks

B. Ensures immediate payment of cash to the holder

C. None of the above

D. Is issued only by a business firm

9. Government securities?

A. (b) and (c) of above

B. Are near money

C. Mean currency

D. Are bought and sold on stock exchange market

10. With reference to currency system of a country token money means?

A. The money which has higher face value

B. Token tax

C. Advance payment to purchase something

D. The money which has no purchasing power

Money and Value of Money Test 05 Mcqs Preparation Online

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