CSS :: Money and Value of Money
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41. |
Barter means: |
A. |
Trade through metallic money only |
B. |
Trade of goods only excluding services |
C. |
Trade of very low value goods |
D. |
Trade without use of money |
Answer: Option D
Explanation:
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42. |
With reference to currency system of a country token money means: |
A. |
Token tax |
B. |
The money which has no purchasing power |
C. |
The money which has higher face value |
D. |
Advance payment to purchase something |
Answer: Option C
Explanation:
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43. |
Ten-rupee note is: |
A. |
Token money |
B. |
Credit money |
C. |
Legal money |
D. |
(a) and (c) of above |
Answer: Option D
Explanation:
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44. |
Paper money in Pakistan is: |
A. |
Convertible |
B. |
Inconvertible |
C. |
Linked to gold |
D. |
None of the above |
Answer: Option B
Explanation:
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45. |
Government securities: |
A. |
Mean currency |
B. |
Are near money |
C. |
Are bought and sold on stock exchange market |
D. |
(b) and (c) of above |
Answer: Option D
Explanation:
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46. |
Which is the characteristic of a good money: |
A. |
Has good design |
B. |
Has high value |
C. |
Has a fixed value in gold |
D. |
Is readily accepted by people |
Answer: Option D
Explanation:
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47. |
This is NOT money |
A. |
Currency |
B. |
Prize bond |
C. |
Demand deposit in a bank |
D. |
Coins |
Answer: Option B
Explanation:
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48. |
Cross cheque: |
A. |
Is issued only by a business firm |
B. |
Is not accepted by banks |
C. |
Ensures immediate payment of cash to the holder |
D. |
None of the above |
Answer: Option D
Explanation:
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49. |
This is a characteristic of good money: |
A. |
High intrinsic value |
B. |
Liquidity |
C. |
Attractive design |
D. |
Easy to duplicate |
Answer: Option B
Explanation:
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50. |
This is a characteristic of good money: |
A. |
High intrinsic value |
B. |
General acceptability |
C. |
Attractive design |
D. |
High purchasing power |
Answer: Option B
Explanation:
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