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

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

Question # 2

Central banks rate of lending to commericalbanks is called.

Question # 3

Which type of card is not issued by central banks

Question # 4

Which is a function of commercial bank

Question # 5

Which is the sourceof interest for a bank

Question # 6

10-Rupees note is issued by

Question # 7

Whcih type of card is not issued by commmercial banks

Question # 8

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

Question # 9

Demand depostis are.

Question # 10

Whcih organisation controls the banking system to most countries.

Question # 11

It creates credit

Question # 12

State bank was established in .

Question # 13

Whis is the most widely used tool of monetary policy

Question # 14

State Bank policy of regulating intrst rate is called.

Question # 15

The following is not a bank liability.

Question # 16

Every country establishes central bank to

Question # 17

The following is not a bank liability.

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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 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
2 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
3 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
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 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 controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
7 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
8 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
9 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
10 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954

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