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

Cash cannot be directly obtaines from a bank against

Question # 2

Which is the sourceof interest for a bank

Question # 3

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

Question # 4

Which type of cheque is least safe for transfer of money

Question # 5

Balance sheet of a bank has two parts

Question # 6

Banks discout it and advance loans.

Question # 7

It creates credit

Question # 8

Short term loans can be obtained in.

Question # 9

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

Question # 10

It is NOT an instrument of moneatry policy

Question # 11

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

Question # 12

Whcih type of card is not issued by commmercial banks

Question # 13

Demand deposit are

Question # 14

Credit money is created by

Question # 15

The money called legal tender includes.

Question # 16

Monetary pollicy has the objective

Question # 17

Credit money is created 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 When a commercial bank creaes credite. Its immediate effect is tha tit raises.
A. The exchange rate
B. The money supply
C. The interest rate
D. The real national income
2 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
3 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
4 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
5 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
6 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
7 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
8 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
9 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
10 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None

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