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

Which type of card is not issued by central banks

Question # 2

It creates credit

Question # 3

Credit money is controlled by

Question # 4

The money called legal tender includes.

Question # 5

Out following the only recognised legal tender is

Question # 6

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

Question # 7

Balance sheet of a bank has two parts

Question # 8

Bank Prepare their balace sheet.

Question # 9

Every country establishes centralbank to

Question # 10

Credit money is created by

Question # 11

10-Rupees note is issued by

Question # 12

State bank was established in .

Question # 13

Monetary pollicy has the objective

Question # 14

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

Question # 15

Demand depostis are.

Question # 16

Demand deposit are

Question # 17

Which is a function of commercial bank

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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 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
2 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
3 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
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 a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
6 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
7 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
8 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
9 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
10 If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
A. Demand deposits
B. Tiem deposit
C. Saving account
D. Profit loss account

Test Questions

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