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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  • Total Questions17

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ICS Part 2 Economics English Medium Chapter 5 Online Test

00:00
Question # 1

Which is the sourceof interest for a bank

Question # 2

Out following the only recognised legal tender is

Question # 3

Which is considered liablility by a bank

Question # 4

Which is a monetary measure to increase employment.

Question # 5

Banks discout it and advance loans.

Question # 6

Which is a function of commercial bank

Question # 7

The bank can give loans

Question # 8

An asset is liquid when it is

Question # 9

10-Rupees note is issued by

Question # 10

Treasury bill is used for

Question # 11

It creates credit

Question # 12

Credit money is controlled by

Question # 13

Commercial banks accept deposits and provide

Question # 14

Every country establishes central bank to

Question # 15

Monetary pollicy has the objective

Question # 16

Balance sheet of a bank has two parts

Question # 17

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

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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 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
2 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
3 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
4 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
A. 25 m
B. 10 m
C. 5 m
D. 0 m
5 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
6 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
7 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
8 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
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 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above

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