5th Chapter

12th Economics Chapter 5 Test

Here you can prepare 12th Economics English Medium Chapter 5 Banks Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

This online test contains MCQs about following topics:

. Kinds of banks, Commercial banks and their functions credit creation, Definition of interest, Interest free banking in Pakistan, Case study of Malaysia and Saudi Arabia, Importance of banks.

ICS Part 2 Economics Ch. 5 Test
ic

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

Sr. # Questions Answers Choice
1 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
2 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
3 State Bank policy of regulating intrst rate is called.
  • A. Monetary policy
  • B. Commerical policy
  • C. Banking policy
  • D. Fiscal policy
4 Which type of card is not issued by central banks
  • A. Credi card
  • B. Debit card
  • C. ATM Card
  • D. None is issued by it
5 The bank can give loans
  • A. Unlimited
  • B. Equal to deposites
  • C. less than deposits
  • D. More dhan deposits
6 Balance sheet of a bank has two parts
  • A. Supply and demand for deposits
  • B. Supply and demand of Advances
  • C. Assests and liablilities
  • D. Cash Reserves and loans
7 Credit money is created by
  • A. Exchange bank
  • B. Commerical Bank
  • C. Finance companies
  • D. None of the above
8 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
9 Demand deposite mean
  • A. Saving account
  • B. Chequeable deposits
  • C. Profit loss account
  • D. Time deposits
10 Profit and losss sharing is basis of finance under this system.
  • A. Islamic
  • B. Capitalistic
  • C. Socialistic
  • D. None

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