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

Out following the only recognised legal tender is

Question # 2

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

Question # 3

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

Question # 4

Whis is the most widely used tool of monetary policy

Question # 5

Every country establishes centralbank to

Question # 6

Treasury bill is used for

Question # 7

Whcih type of card is not issued by commmercial banks

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

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

Question # 10

Demand depostis are.

Question # 11

10-Rupees note is issued by

Question # 12

State bank of Pakistan is run by

Question # 13

Demand deposite mean

Question # 14

Short term loans can be obtained in.

Question # 15

Credit money is controlled by

Question # 16

The bank can give loans

Question # 17

The following is not a bank liability.

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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 Which is a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
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 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
4 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
5 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
6 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
7 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
8 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
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 are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money

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