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

Banks discout it and advance loans.

Question # 2

Which type of cheque is more safe for transfer of money

Question # 3

Which is the sourceof interest for a bank

Question # 4

Balance sheet of a bank has two parts

Question # 5

Every country establishes central bank to

Question # 6

An asset is liquid when it is

Question # 7

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

Question # 8

Demand deposite mean

Question # 9

Whis is the most widely used tool of monetary policy

Question # 10

The bank can give loans

Question # 11

The following is not a bank liability.

Question # 12

Demand deposite are

Question # 13

State bank was established in .

Question # 14

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

Question # 15

Credit money is created by

Question # 16

Central banks rate of lending to commercial banks is called.

Question # 17

The money called legal tender includes.

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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 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
2 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
3 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
4 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
5 A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
A. 0
B. 5 m
C. 10 m
D. 25 m
6 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
7 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
8 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
9 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
10 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above

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