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

Credit money is controlled by

Question # 2

Bank Prepare their balace sheet.

Question # 3

Whcih type of card is not issued by commmercial banks

Question # 4

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

Question # 5

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

Question # 6

Whis is the most widely used tool of monetary policy

Question # 7

Out following the only recognised legal tender is

Question # 8

Every country establishes central bank to

Question # 9

Credit money is created by

Question # 10

Demand deposite are

Question # 11

Whcih organisation controls the banking system to most countries.

Question # 12

Monetary pollicy has the objective

Question # 13

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

Question # 14

State Bank policy of regulating intrst rate is called.

Question # 15

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

Question # 16

Which is a monetary measure to increase employment.

Question # 17

Banks discout it and advance loans.

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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 are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
2 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
3 Balance sheet of a bank has two parts
A. Supply and demand for deposits
B. Supply and demand of Advances
C. Assests and liablilities
D. Cash Reserves and loans
4 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
5 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
6 Cash cannot be directly obtaines from a bank against
A. Cross cheque
B. Order cheque
C. bearer cheque
D. Traveller cheque
7 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
8 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
9 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
10 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money

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