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

Every country establishes central bank to

Question # 2

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

Question # 3

Credit money is created by

Question # 4

Which type of cheque is more safe for transfer of money

Question # 5

Credit money is created by

Question # 6

Which is a monetary measure to increase employment.

Question # 7

Demand deposit are

Question # 8

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

Question # 9

Bank Prepare their balace sheet.

Question # 10

Credit money is controlled by

Question # 11

The bank can give loans

Question # 12

Short term loans can be obtained in.

Question # 13

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

Question # 14

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

Question # 15

Whis is the most widely used tool of monetary policy

Question # 16

The money called legal tender includes.

Question # 17

An asset is liquid when it is

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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 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
2 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
3 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
4 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
5 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
6 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
7 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
8 A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
A. 0
B. 5 m
C. 10 m
D. 25 m
9 An asset is liquid when it is
A. Being traded frequnetly
B. Earning a good rate of return
C. Is money or easily converted into money
D. All of the above
10 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money

Test Questions

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