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

Every country establishes centralbank to

Question # 2

The bank can give loans

Question # 3

Central banks rate of lending to commercial banks is called.

Question # 4

10-Rupees note is issued by

Question # 5

Demand deposite mean

Question # 6

An asset is liquid when it is

Question # 7

Which type of card is not issued by central banks

Question # 8

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

Question # 9

Commercial banks are able to create money by

Question # 10

Which is the sourceof interest for a bank

Question # 11

Demand deposit are

Question # 12

Which is considered liablility by a bank

Question # 13

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

Question # 14

Which type of cheque is more safe for transfer of money

Question # 15

Credit money is created by

Question # 16

State bank was established in .

Question # 17

Central banks rate of lending to commericalbanks is called.

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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 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
2 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
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 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
5 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
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 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
A. 25 m
B. 10 m
C. 5 m
D. 0 m
8 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
9 Out following the only recognised legal tender is
A. Cheque
B. Currency notes and coins
C. Notes and cheques
D. Credit card
10 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes

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