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5th Chapter

12th Economics Chapter 5 Test

Here you can prepare 12th Economics English Medium Chapter 5 Banks Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

This online test contains MCQs about following topics:

. Kinds of banks, Commercial banks and their functions credit creation, Definition of interest, Interest free banking in Pakistan, Case study of Malaysia and Saudi Arabia, Importance of banks.

ICS Part 2 Economics Ch. 5 Test
ic

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

Sr. # Questions Answers Choice
1 Which is a function of a commercial bank
  • A. Acting as a govt. banker
  • B. Fixing the exchange rate
  • C. Issuing bank notes
  • D. Making loans
2 Demand deposits mean
  • A. Saving account
  • B. Profit loss account
  • C. Chequeable deposits
  • D. Time deposits
3 Bank prepare their balance sheet
  • A. weekly
  • B. monthly
  • C. quartely
  • D. golannualy
4 The following is not a ban k liability
  • A. Demand deposit
  • B. Time deposit
  • C. Saving deposit
  • D. loans
5 Changes is discount rate are brought about by State Bank to
  • A. Control inflation
  • B. Increase investment activity
  • C. Increase earning of the bank
  • D. a and b of the above
6 Which is the source of interest for a bank
  • A. Advances
  • B. Bills discounted
  • C. Investment
  • D. All
7 Cash cannot be obtained from a bank against
  • A. Cross cheque
  • B. Order cheque
  • C. Bearer cheque
  • D. Traveller cheque
8 Balance sheet of a bank has two parts
  • A. Supply and demand for deposits
  • B. Supply and demand of advances
  • C. Assets and liabilities
  • D. Cash reserves and loans
9 The power of a bank create credit is affected by
  • A. The cash reserve requirement
  • B. The amount of cash available
  • C. The number of branches of a bank
  • D. A and b of above
10 Short term loans can be obtained in
  • A. stock market
  • B. money market
  • C. capital market
  • D. All of the market

Chapterwise Lists

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