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

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Question # 1

State bank was established in .

Question # 2

Cash cannot be directly obtaines from a bank against

Question # 3

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

Question # 4

Monetary pollicy has the objective

Question # 5

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

Question # 6

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

Question # 7

Whcih type of card is not issued by commmercial banks

Question # 8

Demand deposite are

Question # 9

The following is not a bank liability.

Question # 10

Whis is the most widely used tool of monetary policy

Question # 11

Balance sheet of a bank has two parts

Question # 12

Which is considered liablility by a bank

Question # 13

State bank of Pakistan is run by

Question # 14

Out following the only recognised legal tender is

Question # 15

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

Question # 16

Bank Prepare their balace sheet.

Question # 17

Every country establishes centralbank to

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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 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
3 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
4 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
5 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
6 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
7 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
8 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
9 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
10 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits

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