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 type of card is not issued by central banks

Question # 2

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

Question # 3

Banks discout it and advance loans.

Question # 4

State Bank policy of regulating intrst rate is called.

Question # 5

Bank Prepare their balace sheet.

Question # 6

Commercial banks accept deposits and provide

Question # 7

Commercial banks are able to create money by

Question # 8

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

Question # 9

Demand deposite are

Question # 10

Which type of cheque is more safe for transfer of money

Question # 11

Demand deposit are

Question # 12

Whcih organisation controls the banking system to most countries.

Question # 13

Balance sheet of a bank has two parts

Question # 14

The bank can give loans

Question # 15

Every country establishes central bank to

Question # 16

Whcih type of card is not issued by commmercial banks

Question # 17

Every country establishes centralbank to

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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 policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
2 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend
3 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
4 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
5 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
6 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
7 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
8 An asset is liquid when it is
A. Being traded frequnetly
B. Earning a good rate of return
C. Is money or easily converted into money
D. All of the above
9 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
10 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange

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