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

Central banks rate of lending to commercial banks is called.

Question # 2

Credit money is created by

Question # 3

State bank was established in .

Question # 4

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

Question # 5

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

Question # 6

Bank Prepare their balace sheet.

Question # 7

Treasury bill is used for

Question # 8

State bank of Pakistan is run by

Question # 9

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

Question # 10

Cash cannot be directly obtaines from a bank against

Question # 11

Monetary pollicy has the objective

Question # 12

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

Question # 13

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

Question # 14

The money called legal tender includes.

Question # 15

Out following the only recognised legal tender is

Question # 16

Which type of cheque is least safe for transfer of money

Question # 17

Demand deposite mean

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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 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
2 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
3 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
4 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
5 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
6 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
7 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
8 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
9 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
10 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card

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