2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

ICS Part 2 Economics English Medium Chapter 5 Test

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MCQ's Test For Chapter 0 "ICS Part 2 Economics English Medium Chapter 5 Online Test"

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ICS Part 2 Economics English Medium Chapter 5 Online Test

00:00
Question # 1

The following is not a bank liability.

Question # 2

Whis is the most widely used tool of monetary policy

Question # 3

Every country establishes centralbank to

Question # 4

An asset is liquid when it is

Question # 5

If a person is more intrested to earn income he shud deposit his money in

Question # 6

Credit money is controlled by

Question # 7

Profit and losss sharing is basis of finance under this system.

Question # 8

State bank was established in .

Question # 9

Which is considered liablility by a bank

Question # 10

Bank Prepare their balace sheet.

Question # 11

Acting as lender of last resort a cenral bank lend to.

Question # 12

Which type of cheque is more safe for transfer of money

Question # 13

Which type of cheque is least safe for transfer of money

Question # 14

Out following the only recognised legal tender is

Question # 15

Demand deposite are

Question # 16

Treasury bill is used for

Question # 17

Demand deposite mean

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ICS Part 2 Economics English Medium Chapter 5 Test

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ICS Part II Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
2 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
3 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
A. 25 m
B. 10 m
C. 5 m
D. 0 m
4 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
5 The money called legal tender includes.
A. Currency notes and credit cards
B. Currency notes and bank deposits
C. Currency notes and coins
D. Currency notes and cheques
6 If a person is more intrested to earn income he shud deposit his money in
A. Demand deposits
B. Time deposit
C. Saving account
D. Profit loss account
7 Which is a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
8 If you borrow from a bak the amount which the bank charges is called.
A. Interest rate
B. tax rate
C. discount rate
D. Market rate
9 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
10 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities

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