Category: General Knowledge MCQs

Latest multiple choice questions of general knowledge.

General Knowledge MCQs [Quiz 55]

Q1. 11 July every year is being celebrated under United Nations as “World Population Day” since:
(a) 1986
(b) 1987
(c) 1989
(d) 1991

Q2. 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

Q3. Of all methods of payment, the recognized legal tender is:.
(a) Cheques
(b) Bank notes/metalic coins
(6 Bills of exchange
(d) Promissory notes

Q4. 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

Q5. 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

Q6. Who issue two-rupee note in Pakistan?
(a) Government of Pakistan
(b) State Bank of Pakistan
(e) Both of the above
(d) None of the above

Q7. 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

Q8. 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 mins circulated these days.

Q9. 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 be used as money.

Q10. 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

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