12th class Economics chapter 5 online mcq test with answers for ICS part 2 Economics chapter 5 (Banks)

Question # 1

Short term loans can be obtained in.

Money market A
Capital market B
Exchange market C
Stock Market D

Question # 2

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

Demand deposits A
Tiem deposit B
Saving account C
Profit loss account D

Question # 3

Central banks rate of lending to commericalbanks is called.

Interest rate A
Discount rate B
Money rate C
Inflation rate D

Question # 4

Which type of card is not issued by central banks

Credi card A
Debit card B
ATM Card C
None is issued by it D

Question # 5

10-Rupees note is issued by

National Bank A
State Bank B
Govt. of Pakistan C
Governer State bank D

Question # 6

Banks discout it and advance loans.

Draft A
Bill of exchange B
Pay Order C
Gold D

Question # 7

State bank of Pakistan is run by

Board of directors A
Board of managers B
Board of govenors C
Board of bankers D

Question # 8

Commercial banks are able to create money by

Making loans A
Printing Money B
Moral suasion Selling government loans C
Printing money D

Question # 9

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

Money market A
Stock exchange B
Commercial Bank C
Does not lend D

Question # 10

Demand depostis are.

Money A
Banks notes B
Legal money C
Considerd and near money D

Question # 11

Demand deposite are

Bank notes A
Money B
Considered as ner money C
Legal money D

Question # 12

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

The exchange rate A
The money supply B
The interest rate C
The real national income D

Question # 13

Every country establishes centralbank to

Issue notes A
Supervise commerical bank B
Giveloans to businessmen C
a and b of above D

Question # 14

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

Interest rate A
tax rate B
discount rate C
Market rate D

Question # 15

The money called legal tender includes.

Currency notes and credit cards A
Currency notes and bank deposits B
Currency notes and coins C
Currency notes and cheques D

Question # 16

Which type of cheque is more safe for transfer of money

Cross cheque A
Order cheque B
Traveller cheque C
Bearer cheque D

Question # 17

Central banks rate of lending to commercial banks is called.

Money rate A
Control rate B
Intrested rate C
Discount rate D

Sr.#	Question	Answer
1	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
2	Commercial banks are able to create money by	A. Making loans B. Printing Money C. Moral suasion Selling government loans D. Printing money
3	Credit money is created by	A. Central bank B. Commercial Bank C. Government D. All of the above
4	Which is considered liablility by a bank	A. Loans B. Bank building and equipment C. Time deposit D. Securities
5	Demand depostis are.	A. Money B. Banks notes C. Legal money D. Considerd and near money
6	The money called legal tender includes.	A. Currency notes and credit cards B. Currency notes and bank deposits C. Currency notes and coins D. Currency notes and cheques
7	Whcih type of card is not issued by commmercial banks	A. Credit card B. Green card C. ATM Card D. Debit card
8	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
9	Central banks rate of lending to commercial banks is called.	A. Money rate B. Control rate C. Intrested rate D. Discount rate
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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Short term loans can be obtained in.

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

Central banks rate of lending to commericalbanks is called.

Which type of card is not issued by central banks

10-Rupees note is issued by

Banks discout it and advance loans.

State bank of Pakistan is run by

Commercial banks are able to create money by

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

Demand depostis are.

Demand deposite are

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

Every country establishes centralbank to

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

The money called legal tender includes.

Which type of cheque is more safe for transfer of money

Central banks rate of lending to commercial banks is called.

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