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

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

Question # 2

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

Question # 3

Cash cannot be directly obtaines from a bank against

Question # 4

Credit money is created by

Question # 5

Credit money is created by

Question # 6

State bank was established in .

Question # 7

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

Question # 8

Balance sheet of a bank has two parts

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

Which type of cheque is least safe for transfer of money

Question # 11

Commercial banks accept deposits and provide

Question # 12

Which is a monetary measure to increase employment.

Question # 13

The following is not a bank liability.

Question # 14

Which is considered liablility by a bank

Question # 15

It creates credit

Question # 16

Short term loans can be obtained in.

Question # 17

State bank of Pakistan is run by

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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 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
2 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
3 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
4 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
5 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
6 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
7 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
8 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
9 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
10 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

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