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 central bank to

Question # 2

Credit money is controlled by

Question # 3

The following is not a bank liability.

Question # 4

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

Question # 5

It creates credit

Question # 6

Which type of cheque is least safe for transfer of money

Question # 7

Monetary pollicy has the objective

Question # 8

Which type of cheque is more safe for transfer of money

Question # 9

Commercial banks are able to create money by

Question # 10

Which is a monetary measure to increase employment.

Question # 11

Central banks rate of lending to commericalbanks is called.

Question # 12

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

Question # 13

Balance sheet of a bank has two parts

Question # 14

Which is a function of commercial bank

Question # 15

The following is not a bank liability.

Question # 16

Which is the sourceof interest for a bank

Question # 17

Whcih organisation controls the banking system to most countries.

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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 Which is considered liablility by a bank
A. Loans
B. Bank building and equipment
C. Time deposit
D. Securities
3 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
4 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
5 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
6 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
7 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
8 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
9 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
10 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market

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