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

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

Question # 2

Whcih type of card is not issued by commmercial banks

Question # 3

Treasury bill is used for

Question # 4

Which is a monetary measure to increase employment.

Question # 5

An asset is liquid when it is

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

Commercial banks accept deposits and provide

Question # 8

Banks discout it and advance loans.

Question # 9

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

Question # 10

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

Question # 11

Every country establishes centralbank to

Question # 12

The bank can give loans

Question # 13

The money called legal tender includes.

Question # 14

The following is not a bank liability.

Question # 15

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

Question # 16

Commercial banks are able to create money by

Question # 17

Which type of card is not issued by central banks

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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 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
2 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
3 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
4 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
5 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
6 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
7 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
8 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
9 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
10 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All

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