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

The bank can give loans

Question # 2

Demand deposite are

Question # 3

Which type of cheque is least safe for transfer of money

Question # 4

State bank was established in .

Question # 5

Which is considered liablility by a bank

Question # 6

State Bank policy of regulating intrst rate is called.

Question # 7

Whcih organisation controls the banking system to most countries.

Question # 8

Credit money is created by

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

Credit money is created by

Question # 11

Every country establishes centralbank to

Question # 12

Short term loans can be obtained in.

Question # 13

Which type of cheque is more safe for transfer of money

Question # 14

It creates credit

Question # 15

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

Question # 16

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

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 Class Economics Chapter 0 Important MCQ's

Sr.# Question Answer
1 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
2 Whis is the most widely used tool of monetary policy
A. Open market operation
B. Clearing house
C. Discount rate
D. Issuing of the note
3 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
4 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
5 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
6 Whcih organisation controls the banking system to most countries.
A. Central Bank
B. Commercial bank
C. Investment bankWorld bank
7 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
A. 25 m
B. 10 m
C. 5 m
D. 0 m
8 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
9 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
10 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

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