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

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Question # 1

The bank can give loans

Question # 2

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

Question # 3

Monetary pollicy has the objective

Question # 4

Which is considered liablility by a bank

Question # 5

Which type of card is not issued by central banks

Question # 6

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

Question # 7

Short term loans can be obtained in.

Question # 8

10-Rupees note is issued by

Question # 9

Treasury bill is used for

Question # 10

Central banks rate of lending to commericalbanks is called.

Question # 11

Demand deposite are

Question # 12

Commercial banks accept deposits and provide

Question # 13

State Bank policy of regulating intrst rate is called.

Question # 14

Balance sheet of a bank has two parts

Question # 15

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

Question # 16

Which type of cheque is least safe for transfer of money

Question # 17

Credit money is controlled by

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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 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
2 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
3 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
4 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
5 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
6 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
7 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
8 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
9 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
10 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above

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