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

The following is not a bank liability.

Question # 2

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

Question # 3

Credit money is created by

Question # 4

Cash cannot be directly obtaines from a bank against

Question # 5

Demand depostis are.

Question # 6

Which is a monetary measure to increase employment.

Question # 7

Acting as lender of last resort a cenral bank lend to.

Question # 8

It is NOT an instrument of moneatry policy

Question # 9

Whcih organisation controls the banking system to most countries.

Question # 10

Which is the sourceof interest for a bank

Question # 11

An asset is liquid when it is

Question # 12

Commercial banks are able to create money by

Question # 13

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

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

Which type of cheque is more safe for transfer of money

Question # 16

Every country establishes central bank to

Question # 17

Central banks rate of lending to commericalbanks is called.

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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 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
2 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
3 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
4 Treasury bill is used for
A. Getting short term loans by central bank
B. Getting long term loans
C. Collecting govt. taxes
D. Make payments of utility bills
5 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
6 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
7 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
8 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
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 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None

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