CSS :: Money and Value of Money
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| 1. |
Rupee is a coin: |
| A. |
Full value |
B. |
Token money |
| C. |
Credit money |
D. |
Convertible |
Answer: Option B
Explanation:
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| 2. |
Cash cannot be directly drawn from a bank against: |
| A. |
Cross cheque |
B. |
Order cheque |
| C. |
Bearer cheque |
D. |
Traveller cheque |
Answer: Option A
Explanation:
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| 3. |
Money material should be: |
| A. |
Abundant |
B. |
Scarce |
| C. |
Beautiful |
D. |
Heavy |
Answer: Option B
Explanation:
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| 4. |
In Pakistan money of account is: |
Answer: Option B
Explanation:
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| 5. |
If no money is used to exchange goods, it is called: |
| A. |
Barter |
B. |
Currency |
| C. |
Black market |
D. |
Free trade |
Answer: Option A
Explanation:
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| 6. |
Which is not the function of money: |
| A. |
Make demand and supply equal |
B. |
Store of value |
| C. |
Medium of exchange |
D. |
Measure of value |
Answer: Option A
Explanation:
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| 7. |
Which is money: |
| A. |
Check |
B. |
Credit card |
| C. |
Currency |
D. |
Prize bond |
Answer: Option C
Explanation:
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| 8. |
Convertible money means: |
| A. |
It can buy goods |
B. |
Govt. can give gold against it |
| C. |
Illegal money |
D. |
Low value money |
Answer: Option B
Explanation:
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| 9. |
Barter has the defect: |
| A. |
Goods exchanged are of inferior quality |
B. |
Goods cannot be exchanged for services |
| C. |
Lack of common measure of value |
D. |
None of the above |
Answer: Option C
Explanation:
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| 10. |
Legal money is called so because: |
| A. |
The buyer must pay in that money |
B. |
Can be converted into gold |
| C. |
Sellers do not accept any other money |
D. |
It is official medium of exchange |
Answer: Option D
Explanation:
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