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 organisation controls the banking system to most countries.

Question # 2

Which type of cheque is least safe for transfer of money

Question # 3

Demand depostis are.

Question # 4

It is NOT an instrument of moneatry policy

Question # 5

Which is a function of commercial bank

Question # 6

Credit money is controlled by

Question # 7

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

Question # 8

The bank can give loans

Question # 9

Demand deposite mean

Question # 10

Whcih type of card is not issued by commmercial banks

Question # 11

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

Question # 12

State bank was established in .

Question # 13

State bank of Pakistan is run by

Question # 14

Demand deposite are

Question # 15

Banks discout it and advance loans.

Question # 16

The following is not a bank liability.

Question # 17

Credit money is created by

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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 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
2 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
3 Whcih organisation controls the banking system to most countries.
A. Central Bank
B. Commercial bank
C. Investment bankWorld bank
4 10-Rupees note is issued by
A. National Bank
B. State Bank
C. Govt. of Pakistan
D. Governer State bank
5 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
6 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
7 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
8 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
9 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
10 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold

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