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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  • Total Questions17

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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

10-Rupees note is issued by

Question # 3

Balance sheet of a bank has two parts

Question # 4

State bank was established in .

Question # 5

Which is the sourceof interest for a bank

Question # 6

Every country establishes centralbank to

Question # 7

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

Question # 8

An asset is liquid when it is

Question # 9

Credit money is created by

Question # 10

Which is a monetary measure to increase employment.

Question # 11

Whis is the most widely used tool of monetary policy

Question # 12

Which is considered liablility by a bank

Question # 13

Demand deposite mean

Question # 14

Every country establishes central bank to

Question # 15

Commercial banks accept deposits and provide

Question # 16

The bank can give loans

Question # 17

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

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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 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
2 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
3 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
4 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
5 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
6 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
7 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
8 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
9 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
10 A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
A. 0
B. 5 m
C. 10 m
D. 25 m

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