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

Balance sheet of a bank has two parts

Question # 2

Which type of cheque is more safe for transfer of money

Question # 3

State bank of Pakistan is run by

Question # 4

Central banks rate of lending to commercial banks is called.

Question # 5

Demand depostis are.

Question # 6

It is NOT an instrument of moneatry policy

Question # 7

Credit money is created by

Question # 8

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

Question # 9

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

Question # 10

State bank was established in .

Question # 11

Whcih organisation controls the banking system to most countries.

Question # 12

Treasury bill is used for

Question # 13

Short term loans can be obtained in.

Question # 14

The money called legal tender includes.

Question # 15

Every country establishes central bank to

Question # 16

Whis is the most widely used tool of monetary policy

Question # 17

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

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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 If you borrow from a bak the amount which the bank charges is called.
A. Interest rate
B. tax rate
C. discount rate
D. Market rate
2 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
3 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
4 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
5 When a commercial bank creaes credite. Its immediate effect is tha tit raises.
A. The exchange rate
B. The money supply
C. The interest rate
D. The real national income
6 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
7 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
8 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
9 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
10 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government

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