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

Central banks rate of lending to commercial banks is called.

Question # 2

Demand deposite mean

Question # 3

Which is a function of commercial bank

Question # 4

Which type of cheque is more safe for transfer of money

Question # 5

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

Question # 6

It is NOT an instrument of moneatry policy

Question # 7

Credit money is controlled by

Question # 8

The money called legal tender includes.

Question # 9

It creates credit

Question # 10

Which type of card is not issued by central banks

Question # 11

Credit money is created by

Question # 12

Whcih type of card is not issued by commmercial banks

Question # 13

State bank was established in .

Question # 14

Every country establishes central bank to

Question # 15

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

Question # 16

Which is considered liablility by a bank

Question # 17

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

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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 is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
2 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
3 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
4 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
5 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
6 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
7 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
8 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
9 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
10 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above

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