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

Cash cannot be directly obtaines from a bank against

Question # 2

The following is not a bank liability.

Question # 3

The bank can give loans

Question # 4

Out following the only recognised legal tender is

Question # 5

An asset is liquid when it is

Question # 6

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

Question # 7

Demand deposite mean

Question # 8

Short term loans can be obtained in.

Question # 9

Which type of card is not issued by central banks

Question # 10

A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits

Question # 11

Commercial banks accept deposits and provide

Question # 12

Which type of cheque is more safe for transfer of money

Question # 13

State bank was established in .

Question # 14

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

Question # 15

Every country establishes centralbank to

Question # 16

Every country establishes central bank to

Question # 17

Which is the sourceof interest for a bank

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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 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
2 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
3 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
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 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
6 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
7 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
8 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
9 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
10 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954

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