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

Which is a function of commercial bank

Question # 2

The bank can give loans

Question # 3

If you borrow from a bak the amount which the bank charges is called.

Question # 4

Banks discout it and advance loans.

Question # 5

Bank Prepare their balace sheet.

Question # 6

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

Question # 7

State bank of Pakistan is run by

Question # 8

It creates credit

Question # 9

Which type of cheque is more safe for transfer of money

Question # 10

Every country establishes centralbank to

Question # 11

Profit and losss sharing is basis of finance under this system.

Question # 12

Short term loans can be obtained in.

Question # 13

Credit money is created by

Question # 14

Credit money is controlled by

Question # 15

Commercial banks are able to create money by

Question # 16

Treasury bill is used for

Question # 17

Acting as lender of last resort a cenral bank lend 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 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
2 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
3 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
4 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
5 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
6 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
7 Balance sheet of a bank has two parts
A. Supply and demand for deposits
B. Supply and demand of Advances
C. Assests and liablilities
D. Cash Reserves and loans
8 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
9 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
10 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above

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