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

Whcih organisation controls the banking system to most countries.

Question # 2

It is NOT an instrument of moneatry policy

Question # 3

Out following the only recognised legal tender is

Question # 4

Bank Prepare their balace sheet.

Question # 5

Short term loans can be obtained in.

Question # 6

Credit money is created by

Question # 7

Which is the sourceof interest for a bank

Question # 8

The money called legal tender includes.

Question # 9

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

Question # 10

Credit money is created by

Question # 11

Which type of cheque is more safe for transfer of money

Question # 12

If a person is more intrested to earn income he shud deposit his money in

Question # 13

Which type of card is not issued by central banks

Question # 14

Banks discout it and advance loans.

Question # 15

The bank can give loans

Question # 16

Credit money is controlled by

Question # 17

Balance sheet of a bank has two parts

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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 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
2 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
3 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
4 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
5 Which is a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
6 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
7 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
8 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
9 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
10 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above

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