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

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Question # 1

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

Question # 2

State bank of Pakistan is run by

Question # 3

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

Question # 4

Short term loans can be obtained in.

Question # 5

10-Rupees note is issued by

Question # 6

Credit money is controlled by

Question # 7

Cash cannot be directly obtaines from a bank against

Question # 8

Balance sheet of a bank has two parts

Question # 9

Which is a monetary measure to increase employment.

Question # 10

Bank Prepare their balace sheet.

Question # 11

Whcih organisation controls the banking system to most countries.

Question # 12

Every country establishes centralbank to

Question # 13

Demand depostis are.

Question # 14

The money called legal tender includes.

Question # 15

Commercial banks are able to create money by

Question # 16

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

Question # 17

Demand deposite are

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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 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
2 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
3 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
4 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
5 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
6 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
7 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
8 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
9 Whcih organisation controls the banking system to most countries.
A. Central Bank
B. Commercial bank
C. Investment bankWorld bank
10 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit

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