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

Whis is the most widely used tool of monetary policy

Question # 2

It creates credit

Question # 3

Whcih organisation controls the banking system to most countries.

Question # 4

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

Question # 5

Demand deposite mean

Question # 6

Commercial banks accept deposits and provide

Question # 7

Whcih type of card is not issued by commmercial banks

Question # 8

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

Question # 9

Which is considered liablility by a bank

Question # 10

Every country establishes central bank to

Question # 11

Central banks rate of lending to commercial banks is called.

Question # 12

Commercial banks are able to create money by

Question # 13

Treasury bill is used for

Question # 14

Credit money is created by

Question # 15

Banks discout it and advance loans.

Question # 16

Cash cannot be directly obtaines from a bank against

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 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
2 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
3 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
4 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
5 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
6 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
7 Treasury bill is used for
A. Getting short term loans by central bank
B. Getting long term loans
C. Collecting govt. taxes
D. Make payments of utility bills
8 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
9 Which type of card is not issued by central banks
A. Credi card
B. Debit card
C. ATM Card
D. None is issued by it
10 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank

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