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

Whcih type of card is not issued by commmercial banks

Question # 2

State bank of Pakistan is run by

Question # 3

Credit money is created by

Question # 4

It creates credit

Question # 5

Short term loans can be obtained in.

Question # 6

Balance sheet of a bank has two parts

Question # 7

Commercial banks are able to create money by

Question # 8

Demand deposite are

Question # 9

An asset is liquid when it is

Question # 10

Banks discout it and advance loans.

Question # 11

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

Question # 12

Out following the only recognised legal tender is

Question # 13

Monetary pollicy has the objective

Question # 14

Which is considered liablility by a bank

Question # 15

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

Question # 16

The money called legal tender includes.

Question # 17

Every country establishes central bank to

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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 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
2 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
3 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
4 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
5 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
6 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
7 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
8 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
9 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
10 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money

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