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

Out following the only recognised legal tender is

Question # 2

Cash cannot be directly obtaines from a bank against

Question # 3

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

Question # 4

Demand deposite mean

Question # 5

Banks discout it and advance loans.

Question # 6

Every country establishes central bank to

Question # 7

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

Question # 8

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

Question # 9

Which is a function of commercial bank

Question # 10

State Bank policy of regulating intrst rate is called.

Question # 11

Commercial banks accept deposits and provide

Question # 12

The bank can give loans

Question # 13

Demand deposite are

Question # 14

If a person is more intrested to earn income he shud deposit his money in

Question # 15

Central banks rate of lending to commercial banks is called.

Question # 16

The following is not a bank liability.

Question # 17

It is NOT an instrument of moneatry policy

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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 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
2 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
3 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
4 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
5 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
6 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
7 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
8 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
9 The money called legal tender includes.
A. Currency notes and credit cards
B. Currency notes and bank deposits
C. Currency notes and coins
D. Currency notes and cheques
10 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

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