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

Credit money is created by

Question # 2

Cash cannot be directly obtaines from a bank against

Question # 3

Commercial banks accept deposits and provide

Question # 4

Profit and losss sharing is basis of finance under this system.

Question # 5

State bank of Pakistan is run by

Question # 6

It is NOT an instrument of moneatry policy

Question # 7

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

Question # 8

Credit money is controlled by

Question # 9

Monetary pollicy has the objective

Question # 10

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

Question # 11

The following is not a bank liability.

Question # 12

Every country establishes centralbank to

Question # 13

Balance sheet of a bank has two parts

Question # 14

Every country establishes central bank to

Question # 15

Credit money is created by

Question # 16

10-Rupees note is issued by

Question # 17

A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits

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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 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
2 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
3 If you borrow from a bak the amount which the bank charges is called.
A. Interest rate
B. tax rate
C. discount rate
D. Market rate
4 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
5 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
6 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend
7 An asset is liquid when it is
A. Being traded frequnetly
B. Earning a good rate of return
C. Is money or easily converted into money
D. All of the above
8 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
9 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
10 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers

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