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

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

Question # 2

Credit money is controlled by

Question # 3

Whcih organisation controls the banking system to most countries.

Question # 4

Which type of cheque is more safe for transfer of money

Question # 5

Credit money is created by

Question # 6

Banks discout it and advance loans.

Question # 7

If a person is more intrested to earn income he shud deposit his money in

Question # 8

Cash cannot be directly obtaines from a bank against

Question # 9

Demand deposit are

Question # 10

The money called legal tender includes.

Question # 11

Treasury bill is used for

Question # 12

Which type of card is not issued by central banks

Question # 13

The following is not a bank liability.

Question # 14

Which type of cheque is least safe for transfer of money

Question # 15

Which is a monetary measure to increase employment.

Question # 16

Short term loans can be obtained in.

Question # 17

It creates credit

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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 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
2 If a person is more intrested to earn income he shud deposit his money in
A. Demand deposits
B. Time deposit
C. Saving account
D. Profit loss account
3 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
4 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
5 When a commercial bank creaes credite. Its immediate effect is tha tit raises.
A. The exchange rate
B. The money supply
C. The interest rate
D. The real national income
6 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
7 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
8 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
9 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
10 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes

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