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

Which type of cheque is least safe for transfer of money

Question # 2

State Bank policy of regulating intrst rate is called.

Question # 3

State bank was established in .

Question # 4

Cash cannot be directly obtaines from a bank against

Question # 5

Commercial banks are able to create money by

Question # 6

Which type of cheque is more safe for transfer of money

Question # 7

Out following the only recognised legal tender is

Question # 8

Every country establishes centralbank to

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

Which is considered liablility by a bank

Question # 11

Whcih organisation controls the banking system to most countries.

Question # 12

The following is not a bank liability.

Question # 13

State bank of Pakistan is run by

Question # 14

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

Question # 15

The following is not a bank liability.

Question # 16

Banks discout it and advance loans.

Question # 17

The money called legal tender includes.

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5th Chapter

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 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
2 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
3 A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
A. 0
B. 5 m
C. 10 m
D. 25 m
4 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
5 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
6 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
7 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
8 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend
9 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
10 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque

Test Questions

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