Economics MCQs 13

11 July every year is being celebrated under United Nations as “World Population Day” since:
(a) 1985
(b) 1987-✔️
(c) 1989
(d) 1991

The main reason why cheques can be regarded as money is that:
(a) They are accepted by most people-✔️
(b) They act as receipts
(c) They can be written for any amount
(d) They can be sent safely by post

Of all methods of payment the recognized legal tender is:-
(a) Cheques
(b) Bank notes/metalic coins-✔️
(c) Bills of exchange
(d) Promissory notes

Token coins are:
(a) Not legal tender-✔️
(b) Valueless
(c) Worthless than the value of the metal they contain
(d) Worth more than the value of the metal they contain

Who issues one-rupee coin in Pakistan?
(a) Government of Pakistan-✔️
(b) State Bank of Pakistan
(c) Both of the above
(d) None of the above


Who issue two-rupee note in Pakistan?
(a) Government of Pakistan
(b) State Bank of Pakistan-✔️
(c) Both of the above
(d) None of the above

Who issue ten-rupee note in Pakistan?
(a) Government of Pakistan
(b) State Bank of Pakistan-✔️
(c) Both of the above
(d) None of the above

Which of the following statement is true?
(a) In barter system goods are exchanged with goods-✔️
(b) Token money has its face value equal to the value of the metallic content
(c) One rupee note is convertible paper money
(d) Silver and gold full-bodied coins circulated these days

Which of the following statement is true?
(a) Only the person in whose favour a bearer cheque is written can cash this cheque
(b) Crossed cheque can be got cashed by any one
(c) Order cheque can be got cashed on identification-✔️
(d) If the money unit is not scarce it ceases to he used as money

Which of the following statement is false?
(a) There is no difference in bearer and order cheque-✔️
(b) Payment of Bill of Exchange (sight) is made immediately
(c) Pakistan has a strong stock exchange market
(d) A cheque is a form of currency note