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

Treasury bill is used for

Question # 2

Credit money is created by

Question # 3

Central banks rate of lending to commercial banks is called.

Question # 4

Cash cannot be directly obtaines from a bank against

Question # 5

Which is considered liablility by a bank

Question # 6

It creates credit

Question # 7

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

Question # 8

Out following the only recognised legal tender is

Question # 9

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

Question # 10

State Bank policy of regulating intrst rate is called.

Question # 11

Which type of cheque is least safe for transfer of money

Question # 12

The following is not a bank liability.

Question # 13

State bank of Pakistan is run by

Question # 14

Whcih type of card is not issued by commmercial banks

Question # 15

Monetary pollicy has the objective

Question # 16

Which type of card is not issued by central banks

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 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
2 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
3 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
4 Which is a function of commercial bank
A. Acting as a govt. banker
B. Fixing the exchange rate
C. Making loans
D. Issueing bank notes
5 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
6 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
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 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
9 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
10 Every country establishes centralbank to
A. Issue notes
B. Supervise commerical bank
C. Giveloans to businessmen
D. a and b of above

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