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

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

Question # 3

Whis is the most widely used tool of monetary policy

Question # 4

It creates credit

Question # 5

Credit money is created by

Question # 6

Which is the sourceof interest for a bank

Question # 7

Commercial banks accept deposits and provide

Question # 8

Balance sheet of a bank has two parts

Question # 9

The following is not a bank liability.

Question # 10

Every country establishes central bank to

Question # 11

Which is a monetary measure to increase employment.

Question # 12

Commercial banks are able to create money by

Question # 13

Which type of card is not issued by central banks

Question # 14

Monetary pollicy has the objective

Question # 15

10-Rupees note is issued by

Question # 16

Which is a function of commercial bank

Question # 17

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

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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 a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
2 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
3 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
4 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
5 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
6 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
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 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
9 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
10 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers

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