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

Whis is the most widely used tool of monetary policy

Question # 2

Credit money is created by

Question # 3

Which type of cheque is least safe for transfer of money

Question # 4

The money called legal tender includes.

Question # 5

Cash cannot be directly obtaines from a bank against

Question # 6

Every country establishes central bank to

Question # 7

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

Question # 8

Which is the sourceof interest for a bank

Question # 9

It creates credit

Question # 10

Central banks rate of lending to commericalbanks is called.

Question # 11

Balance sheet of a bank has two parts

Question # 12

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

Question # 13

State bank was established in .

Question # 14

Demand deposit are

Question # 15

The bank can give loans

Question # 16

An asset is liquid when it is

Question # 17

Commercial banks accept deposits and provide

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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 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
2 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
3 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
4 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
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 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
7 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend
8 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
9 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
10 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954

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