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

The following is not a bank liability.

Question # 2

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

Question # 3

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

Question # 4

Commercial banks are able to create money by

Question # 5

Demand depostis are.

Question # 6

Credit money is created by

Question # 7

It creates credit

Question # 8

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

Question # 9

An asset is liquid when it is

Question # 10

State bank was established in .

Question # 11

Balance sheet of a bank has two parts

Question # 12

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

Question # 13

Every country establishes centralbank to

Question # 14

Whcih organisation controls the banking system to most countries.

Question # 15

Bank Prepare their balace sheet.

Question # 16

Commercial banks accept deposits and provide

Question # 17

Which is the sourceof interest for a bank

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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 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
2 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
3 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
4 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
5 Credit money is created by
A. Central bank
B. Commercial Bank
C. Government
D. All of the above
6 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
7 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
8 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
9 Monetary pollicy has the objective
A. Decrease unemployment rate
B. Decrease tax rate
C. Decreases inflation rate
D. a and c of the above
10 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market

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