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

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

Question # 2

Which type of card is not issued by central banks

Question # 3

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

Question # 4

Demand deposite are

Question # 5

Credit money is controlled by

Question # 6

Credit money is created by

Question # 7

Every country establishes centralbank to

Question # 8

Cash cannot be directly obtaines from a bank against

Question # 9

The following is not a bank liability.

Question # 10

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

Question # 11

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

Question # 12

State Bank policy of regulating intrst rate is called.

Question # 13

Which is considered liablility by a bank

Question # 14

Which is a function of commercial bank

Question # 15

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

Question # 16

Which type of cheque is more safe for transfer of money

Question # 17

Which type of cheque is least safe for transfer of money

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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 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
2 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
3 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
4 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
5 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
6 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
7 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
8 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
9 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
10 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money

Test Questions