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5th Chapter

12th Economics Chapter 5 Test

Here you can prepare 12th Economics English Medium Chapter 5 Banks Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

This online test contains MCQs about following topics:

. Kinds of banks, Commercial banks and their functions credit creation, Definition of interest, Interest free banking in Pakistan, Case study of Malaysia and Saudi Arabia, Importance of banks.

ICS Part 2 Economics Ch. 5 Test
ic

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

Sr. # Questions Answers Choice
1 Every country establishes centralbank to
  • A. Issue notes
  • B. Supervise commerical bank
  • C. Giveloans to businessmen
  • D. a and b of above
2 Credit money is created by
  • A. Exchange bank
  • B. Commerical Bank
  • C. Finance companies
  • D. None of the above
3 Bank Prepare their balace sheet.
  • A. Weekly
  • B. Monthly
  • C. Quarterly
  • D. Annualy
4 Which is a monetary measure to increase employment.
  • A. Increase in govt expenditure
  • B. Reduce govt expenditure
  • C. Increase in interest rate
  • D. Reducing intrest rate
5 Profit and losss sharing is basis of finance under this system.
  • A. Islamic
  • B. Capitalistic
  • C. Socialistic
  • D. None
6 10-Rupees note is issued by
  • A. National Bank
  • B. State Bank
  • C. Govt. of Pakistan
  • D. Governer State bank
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 Out following the only recognised legal tender is
  • A. Cheque
  • B. Currency notes and coins
  • C. Notes and cheques
  • D. Credit card
9 Credit money is created by
  • A. Central bank
  • B. Commercial Bank
  • C. Government
  • D. All of the above
10 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

Chapterwise Lists

Chapter Name Questions PDF File
Economics Ics Part 2 English Medium Chapter 1 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 1 English Medium Online Test 10 Questions
Economics Ics Part 2 English Medium Chapter 2 Online Test 17 Questions
Icom Part 2 Principles of Economics Chapter 2 English Medium Online Test 10 Questions
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Icom Part 2 Principles of Economics Chapter 3 English Medium Online Test 10 Questions
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