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

Whcih type of card is not issued by commmercial banks

Question # 2

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

Question # 3

Balance sheet of a bank has two parts

Question # 4

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

Question # 5

Credit money is created by

Question # 6

The following is not a bank liability.

Question # 7

Credit money is created by

Question # 8

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

Question # 9

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

Question # 10

Which is the sourceof interest for a bank

Question # 11

Demand deposit are

Question # 12

Banks discout it and advance loans.

Question # 13

The money called legal tender includes.

Question # 14

Whcih organisation controls the banking system to most countries.

Question # 15

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

Question # 16

Credit money is controlled by

Question # 17

Commercial banks are able to create money 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 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
2 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
3 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
4 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate
5 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
6 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
7 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
8 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
9 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
10 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above

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