12th class Economics chapter 5 online mcq test with answers for ICS part 2 Economics chapter 5 (Banks)

Top Scorers Of Chapter 0 "ICS Part 2 Economics English Medium Chapter 5 Online Test" MCQ`s Test

Sr.#	Question	Answer
1	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
2	Every country establishes central bank to	A. Issue currency B. To establish commercial bank C. Toprepare governemnt budget D. All of the of above
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	The bank can give loans	A. Unlimited B. Equal to deposites C. less than deposits D. More dhan deposits
5	10-Rupees note is issued by	A. National Bank B. State Bank C. Govt. of Pakistan D. Governer State bank
6	Commercial banks are able to create money by	A. Making loans B. Printing Money C. Moral suasion Selling government loans D. Printing money
7	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
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	Which is considered liablility by a bank	A. Loans B. Bank building and equipment C. Time deposit D. Securities
10	Which type of card is not issued by central banks	A. Credi card B. Debit card C. ATM Card D. None is issued by it