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

Credit money is created by

Question # 2

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

Question # 3

State bank was established in .

Question # 4

Credit money is created by

Question # 5

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

Question # 6

10-Rupees note is issued by

Question # 7

Demand deposite mean

Question # 8

State bank of Pakistan is run by

Question # 9

Out following the only recognised legal tender is

Question # 10

Cash cannot be directly obtaines from a bank against

Question # 11

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

Question # 12

Commercial banks accept deposits and provide

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

Whcih organisation controls the banking system to most countries.

Question # 15

Demand deposite are

Question # 16

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

Question # 17

Every country establishes central bank to

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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 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above
2 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
3 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
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 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
6 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
7 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
8 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
9 Whcih organisation controls the banking system to most countries.
A. Central Bank
B. Commercial bank
C. Investment bankWorld bank
10 Acting as lender of last resort a cenral bank lend to.
A. Money market
B. Stock exchange
C. Commercial Bank
D. Does not lend

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