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

Banks discout it and advance loans.

Question # 3

Short term loans can be obtained in.

Question # 4

The money called legal tender includes.

Question # 5

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

Question # 6

Commercial banks accept deposits and provide

Question # 7

If you borrow from a bak the amount which the bank charges is called.

Question # 8

10-Rupees note is issued by

Question # 9

Credit money is controlled by

Question # 10

It creates credit

Question # 11

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

Question # 12

Which is the sourceof interest for a bank

Question # 13

Central banks rate of lending to commericalbanks is called.

Question # 14

Credit money is created by

Question # 15

Which type of cheque is least safe for transfer of money

Question # 16

Whcih organisation controls the banking system to most countries.

Question # 17

Balance sheet of a bank has two parts

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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 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
2 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
3 Balance sheet of a bank has two parts
A. Supply and demand for deposits
B. Supply and demand of Advances
C. Assests and liablilities
D. Cash Reserves and loans
4 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
5 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
6 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
7 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
8 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
9 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
10 An asset is liquid when it is
A. Being traded frequnetly
B. Earning a good rate of return
C. Is money or easily converted into money
D. All of the above

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