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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ICS Part 2 Economics English Medium Chapter Wise MCQ's Test

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

Demand deposite are

Question # 2

Demand deposite mean

Question # 3

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

Question # 4

Out following the only recognised legal tender is

Question # 5

Bank Prepare their balace sheet.

Question # 6

Which type of cheque is more safe for transfer of money

Question # 7

Credit money is controlled by

Question # 8

Every country establishes centralbank to

Question # 9

Demand deposit are

Question # 10

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

Question # 11

Demand depostis are.

Question # 12

Monetary pollicy has the objective

Question # 13

Whis is the most widely used tool of monetary policy

Question # 14

Cash cannot be directly obtaines from a bank against

Question # 15

The money called legal tender includes.

Question # 16

Which is a monetary measure to increase employment.

Question # 17

Central banks rate of lending to commercial banks is called.

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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 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
2 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
3 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
4 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
5 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
6 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
7 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
8 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
9 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
10 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

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