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 least safe for transfer of money

Question # 2

It creates credit

Question # 3

Bank Prepare their balace sheet.

Question # 4

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

Question # 5

Demand deposite mean

Question # 6

Which is a function of commercial bank

Question # 7

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

Question # 8

Which is considered liablility by a bank

Question # 9

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

Question # 10

The money called legal tender includes.

Question # 11

Every country establishes central bank to

Question # 12

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

Question # 13

Commercial banks accept deposits and provide

Question # 14

10-Rupees note is issued by

Question # 15

Balance sheet of a bank has two parts

Question # 16

Every country establishes centralbank to

Question # 17

Whcih organisation controls the banking system to most countries.

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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 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
3 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
4 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
5 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
6 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
7 When a commercial bank creaes credite. Its immediate effect is tha tit raises.
A. The exchange rate
B. The money supply
C. The interest rate
D. The real national income
8 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
9 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
10 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

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