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

10-Rupees note is issued by

Question # 2

The following is not a bank liability.

Question # 3

Whcih organisation controls the banking system to most countries.

Question # 4

Credit money is controlled by

Question # 5

The following is not a bank liability.

Question # 6

Credit money is created by

Question # 7

Which is considered liablility by a bank

Question # 8

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

Question # 9

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

Question # 10

Credit money is created by

Question # 11

Bank Prepare their balace sheet.

Question # 12

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

Question # 13

Which is a function of commercial bank

Question # 14

Which type of card is not issued by central banks

Question # 15

Central banks rate of lending to commericalbanks is called.

Question # 16

Short term loans can be obtained in.

Question # 17

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

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5th Chapter

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 mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
2 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
3 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
4 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
5 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
6 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
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 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
10 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

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