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

Which type of card is not issued by central banks

Question # 2

Credit money is created by

Question # 3

It creates credit

Question # 4

Demand depostis are.

Question # 5

Which type of cheque is more safe for transfer of money

Question # 6

Demand deposite are

Question # 7

10-Rupees note is issued by

Question # 8

The following is not a bank liability.

Question # 9

Demand deposite mean

Question # 10

Whcih organisation controls the banking system to most countries.

Question # 11

Credit money is controlled by

Question # 12

Monetary pollicy has the objective

Question # 13

The money called legal tender includes.

Question # 14

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

Question # 15

Every country establishes centralbank to

Question # 16

Demand deposit are

Question # 17

Banks discout it and advance loans.

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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 type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
2 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
3 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
4 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
5 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
6 Which is a monetary measure to increase employment.
A. Increase in govt expenditure
B. Reduce govt expenditure
C. Increase in interest rate
D. Reducing intrest rate
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 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
A. 25 m
B. 10 m
C. 5 m
D. 0 m
9 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
10 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above

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