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

Whcih type of card is not issued by commmercial banks

Question # 2

Bank Prepare their balace sheet.

Question # 3

Every country establishes central bank to

Question # 4

It creates credit

Question # 5

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

Question # 6

Acting as lender of last resort a cenral bank lend to.

Question # 7

Every country establishes centralbank to

Question # 8

The money called legal tender includes.

Question # 9

Treasury bill is used for

Question # 10

Demand depostis are.

Question # 11

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

Question # 12

Which is a function of commercial bank

Question # 13

The following is not a bank liability.

Question # 14

Which is considered liablility by a bank

Question # 15

Which type of card is not issued by central banks

Question # 16

The bank can give loans

Question # 17

An asset is liquid when it is

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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 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
2 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
3 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above
4 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
5 Which is a monetary measure to increase employment.
A. Increase in govt expenditure
B. Reduce govt expenditure
C. Increase in interest rate
D. Reducing intrest rate
6 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
7 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
8 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
9 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
10 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque

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