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

Credit money is controlled by

Question # 2

Whis is the most widely used tool of monetary policy

Question # 3

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

Question # 4

Demand depostis are.

Question # 5

Short term loans can be obtained in.

Question # 6

Central banks rate of lending to commericalbanks is called.

Question # 7

State Bank policy of regulating intrst rate is called.

Question # 8

Banks discout it and advance loans.

Question # 9

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

Question # 10

Which is the sourceof interest for a bank

Question # 11

Whcih type of card is not issued by commmercial banks

Question # 12

Every country establishes central bank to

Question # 13

Whcih organisation controls the banking system to most countries.

Question # 14

Which is a function of commercial bank

Question # 15

Credit money is created by

Question # 16

Which type of cheque is more safe for transfer of money

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 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
2 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
3 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
4 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
5 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
6 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
7 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
8 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
9 If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
A. Demand deposits
B. Tiem deposit
C. Saving account
D. Profit loss account
10 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque

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