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

Whcih type of card is not issued by commmercial banks

Question # 2

Bank Prepare their balace sheet.

Question # 3

Which is considered liablility by a bank

Question # 4

Credit money is created by

Question # 5

Central banks rate of lending to commercial banks is called.

Question # 6

Credit money is controlled by

Question # 7

Balance sheet of a bank has two parts

Question # 8

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

Question # 9

State bank was established in .

Question # 10

Credit money is created by

Question # 11

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

Question # 12

It is NOT an instrument of moneatry policy

Question # 13

Which type of cheque is more safe for transfer of money

Question # 14

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

Question # 15

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

Question # 16

Whcih organisation controls the banking system to most countries.

Question # 17

The money called legal tender includes.

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5th Chapter

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 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
2 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
3 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
4 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
5 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
6 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
7 Treasury bill is used for
A. Getting short term loans by central bank
B. Getting long term loans
C. Collecting govt. taxes
D. Make payments of utility bills
8 Which is a monetary measure to increase employment.
A. Increase in govt expenditure
B. Reduce govt expenditure
C. Increase in interest rate
D. Reducing intrest rate
9 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
10 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

Test Questions

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