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

State bank of Pakistan is run by

Question # 2

Treasury bill is used for

Question # 3

Whcih organisation controls the banking system to most countries.

Question # 4

It is NOT an instrument of moneatry policy

Question # 5

Which type of cheque is least safe for transfer of money

Question # 6

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

Question # 7

Which is considered liablility by a bank

Question # 8

Whcih type of card is not issued by commmercial banks

Question # 9

Credit money is created by

Question # 10

The money called legal tender includes.

Question # 11

The bank can give loans

Question # 12

Central banks rate of lending to commercial banks is called.

Question # 13

Credit money is created by

Question # 14

10-Rupees note is issued by

Question # 15

Every country establishes centralbank to

Question # 16

Which is a function of commercial bank

Question # 17

The following is not a bank liability.

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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 cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
2 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
3 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
4 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
5 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
6 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
7 Whcih organisation controls the banking system to most countries.
A. Central Bank
B. Commercial bank
C. Investment bankWorld bank
8 Which is a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
9 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
10 When a commercial bank creaes credite. Its immediate effect is tha tit raises.
A. The exchange rate
B. The money supply
C. The interest rate
D. The real national income

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