CSS :: Money and Value of Money
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| 11. |
It is the medium of exchange: |
| A. |
Black money |
B. |
Near money |
| C. |
Currency |
D. |
Foreign exchange |
Answer: Option C
Explanation:
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| 12. |
The govt. can control inflation by: |
| A. |
Increasing demand for goods |
B. |
Increasing supply of goods |
| C. |
Increasing money supply |
D. |
Decreasing taxes |
Answer: Option B
Explanation:
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| 13. |
Government of Pakistan issues currency on the basis of: |
| A. |
Availability of gold in the country |
B. |
Availability of dollars in the country |
| C. |
Demand for money in the country |
D. |
Tax collection |
Answer: Option C
Explanation:
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| 14. |
Quantity of money has relation with value of money: |
| A. |
Direct |
B. |
Indirect |
| C. |
Inverse |
D. |
No relation |
Answer: Option C
Explanation:
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| 15. |
Commercial banks create: |
| A. |
Credit money |
B. |
Token money |
| C. |
Legal money |
D. |
Do not create money |
Answer: Option A
Explanation:
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| 16. |
Cheque is: |
| A. |
Legal money |
B. |
Credit money |
| C. |
Paper money |
D. |
Not money |
Answer: Option D
Explanation:
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| 17. |
The most important feature of money: |
| A. |
General acceptability |
B. |
Convertibility into gold |
| C. |
Store of value |
D. |
Medium of exchange |
Answer: Option A
Explanation:
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| 18. |
It can change money supply: |
| A. |
National Assembly |
B. |
Supreme Court |
| C. |
Government |
D. |
State Bank |
Answer: Option D
Explanation:
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| 19. |
Which of the following increases money supply in the country? |
| A. |
Purchase of bonds by State Bank |
B. |
Sale of bonds by State Bank |
| C. |
Increase in discount rate |
D. |
Decrease in taxes |
Answer: Option A
Explanation:
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| 20. |
Paper money came into use: |
| A. |
100 years ago |
B. |
200 years ago |
| C. |
1000 years ago |
D. |
2000 years ago |
Answer: Option B
Explanation:
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