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

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Question # 1

Which is the sourceof interest for a bank

Question # 2

Banks discout it and advance loans.

Question # 3

The bank can give loans

Question # 4

Central banks rate of lending to commercial banks is called.

Question # 5

Which type of cheque is least safe for transfer of money

Question # 6

Which is considered liablility by a bank

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

Short term loans can be obtained in.

Question # 9

Demand deposite mean

Question # 10

State Bank policy of regulating intrst rate is called.

Question # 11

Demand deposite are

Question # 12

Credit money is created by

Question # 13

Which type of cheque is more safe for transfer of money

Question # 14

State bank was established in .

Question # 15

Profit and losss sharing is basis of finance under this system.

Question # 16

The following is not a bank liability.

Question # 17

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

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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 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
2 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
3 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
4 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
5 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
6 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
7 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
8 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
9 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
10 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate

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