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

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

Question # 2

Demand depostis are.

Question # 3

Out following the only recognised legal tender is

Question # 4

Central banks rate of lending to commericalbanks is called.

Question # 5

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

Question # 6

Which is a function of commercial bank

Question # 7

10-Rupees note is issued by

Question # 8

Credit money is controlled by

Question # 9

State Bank policy of regulating intrst rate is called.

Question # 10

Bank Prepare their balace sheet.

Question # 11

Treasury bill is used for

Question # 12

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

Question # 13

Short term loans can be obtained in.

Question # 14

It creates credit

Question # 15

The following is not a bank liability.

Question # 16

Commercial banks accept deposits and provide

Question # 17

Which is the sourceof interest for a bank

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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 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
2 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
3 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
4 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
5 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend
6 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
7 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
8 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
9 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near 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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