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

Which is considered liablility by a bank

Question # 2

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

Question # 3

The money called legal tender includes.

Question # 4

If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.

Question # 5

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

Question # 6

The bank can give loans

Question # 7

Central banks rate of lending to commercial banks is called.

Question # 8

Demand deposite are

Question # 9

A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits

Question # 10

The following is not a bank liability.

Question # 11

Whcih type of card is not issued by commmercial banks

Question # 12

Demand deposite mean

Question # 13

Cash cannot be directly obtaines from a bank against

Question # 14

It creates credit

Question # 15

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

Question # 16

Credit money is created by

Question # 17

Which is a monetary measure to increase employment.

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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 Which type of card is not issued by central banks
A. Credi card
B. Debit card
C. ATM Card
D. None is issued by it
2 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
3 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
4 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
5 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
6 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
7 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
8 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
9 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
10 Whis is the most widely used tool of monetary policy
A. Open market operation
B. Clearing house
C. Discount rate
D. Issuing of the note

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