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 created by

Question # 2

Demand deposite are

Question # 3

Demand deposite mean

Question # 4

Credit money is controlled by

Question # 5

Bank Prepare their balace sheet.

Question # 6

State bank of Pakistan is run by

Question # 7

Demand deposit are

Question # 8

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

Question # 9

Whis is the most widely used tool of monetary policy

Question # 10

Which is a function of commercial bank

Question # 11

Every country establishes central bank to

Question # 12

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

Question # 13

Whcih organisation controls the banking system to most countries.

Question # 14

Commercial banks are able to create money by

Question # 15

Monetary pollicy has the objective

Question # 16

The following is not a bank liability.

Question # 17

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

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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 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
2 Treasury bill is used for
A. Getting short term loans by central bank
B. Getting long term loans
C. Collecting govt. taxes
D. Make payments of utility bills
3 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
4 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
5 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
6 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
7 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
8 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
9 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
10 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits

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