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

Whis is the most widely used tool of monetary policy

Question # 2

Commercial banks are able to create money by

Question # 3

State bank of Pakistan is run by

Question # 4

Out following the only recognised legal tender is

Question # 5

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

Question # 6

Whcih type of card is not issued by commmercial banks

Question # 7

Which is a monetary measure to increase employment.

Question # 8

Monetary pollicy has the objective

Question # 9

Demand deposite mean

Question # 10

Bank Prepare their balace sheet.

Question # 11

10-Rupees note is issued by

Question # 12

Every country establishes centralbank to

Question # 13

Which type of cheque is least safe for transfer of money

Question # 14

It is NOT an instrument of moneatry policy

Question # 15

A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits

Question # 16

State Bank policy of regulating intrst rate is called.

Question # 17

Credit money is controlled by

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5th Chapter

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 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
2 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
3 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
4 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
5 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
6 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
7 The money called legal tender includes.
A. Currency notes and credit cards
B. Currency notes and bank deposits
C. Currency notes and coins
D. Currency notes and cheques
8 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
9 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
10 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits

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