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

Monetary pollicy has the objective

Question # 2

An asset is liquid when it is

Question # 3

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

Question # 4

Commercial banks are able to create money by

Question # 5

Credit money is created by

Question # 6

The money called legal tender includes.

Question # 7

Every country establishes central bank to

Question # 8

Which type of cheque is least safe for transfer of money

Question # 9

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

Question # 10

Cash cannot be directly obtaines from a bank against

Question # 11

State Bank policy of regulating intrst rate is called.

Question # 12

Bank Prepare their balace sheet.

Question # 13

Credit money is created by

Question # 14

The following is not a bank liability.

Question # 15

Every country establishes centralbank to

Question # 16

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

Question # 17

Demand depostis are.

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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 Balance sheet of a bank has two parts
A. Supply and demand for deposits
B. Supply and demand of Advances
C. Assests and liablilities
D. Cash Reserves and loans
2 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
3 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
4 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
5 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
6 An asset is liquid when it is
A. Being traded frequnetly
B. Earning a good rate of return
C. Is money or easily converted into money
D. All of the above
7 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
8 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
9 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
10 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy

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