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 more safe for transfer of money

Question # 2

The money called legal tender includes.

Question # 3

An asset is liquid when it is

Question # 4

State bank of Pakistan is run by

Question # 5

Cash cannot be directly obtaines from a bank against

Question # 6

Whis is the most widely used tool of monetary policy

Question # 7

Which is the sourceof interest for a bank

Question # 8

The bank can give loans

Question # 9

Monetary pollicy has the objective

Question # 10

Credit money is controlled by

Question # 11

Whcih type of card is not issued by commmercial banks

Question # 12

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

Question # 13

Which is a function of commercial bank

Question # 14

10-Rupees note is issued by

Question # 15

Commercial banks accept deposits and provide

Question # 16

Demand depostis are.

Question # 17

Every country establishes central bank to

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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 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
2 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
3 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
4 If you borrow from a bak the amount which the bank charges is called.
A. Interest rate
B. tax rate
C. discount rate
D. Market rate
5 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
6 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
7 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
8 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
9 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
10 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities

Test Questions

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