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

Which type of card is not issued by central banks

Question # 2

Every country establishes central bank to

Question # 3

Commercial banks are able to create money by

Question # 4

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

Question # 5

Which type of cheque is least safe for transfer of money

Question # 6

Which is considered liablility by a bank

Question # 7

It creates credit

Question # 8

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

Question # 9

It is NOT an instrument of moneatry policy

Question # 10

Commercial banks accept deposits and provide

Question # 11

State Bank policy of regulating intrst rate is called.

Question # 12

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

Question # 13

Which type of cheque is more safe for transfer of money

Question # 14

Every country establishes centralbank to

Question # 15

Demand deposite mean

Question # 16

Central banks rate of lending to commericalbanks is called.

Question # 17

10-Rupees note is issued by

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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 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
2 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
3 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
4 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
5 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
6 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
7 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
8 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
9 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
10 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit

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