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

00:00
Question # 1

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

Question # 2

Credit money is created by

Question # 3

Bank Prepare their balace sheet.

Question # 4

Which type of cheque is least safe for transfer of money

Question # 5

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

Question # 6

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

Question # 7

The bank can give loans

Question # 8

It is NOT an instrument of moneatry policy

Question # 9

An asset is liquid when it is

Question # 10

Which type of card is not issued by central banks

Question # 11

When a commercial bank creaes credite. Its immediate effect is tha tit raises.

Question # 12

Which type of cheque is more safe for transfer of money

Question # 13

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

Question # 14

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

Question # 15

10-Rupees note is issued by

Question # 16

Whcih type of card is not issued by commmercial banks

Question # 17

Commercial banks are able to create money by

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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 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
3 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
4 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend
5 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
6 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
7 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
8 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
9 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
10 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

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