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

Commercial banks accept deposits and provide

Question # 2

It creates credit

Question # 3

Every country establishes central bank to

Question # 4

Which is a monetary measure to increase employment.

Question # 5

Balance sheet of a bank has two parts

Question # 6

Whcih type of card is not issued by commmercial banks

Question # 7

10-Rupees note is issued by

Question # 8

Which is a function of commercial bank

Question # 9

Central banks rate of lending to commericalbanks is called.

Question # 10

Credit money is controlled by

Question # 11

State Bank policy of regulating intrst rate is called.

Question # 12

Which is considered liablility by a bank

Question # 13

Every country establishes centralbank to

Question # 14

Demand deposite are

Question # 15

Out following the only recognised legal tender is

Question # 16

Banks discout it and advance loans.

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 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
2 The money called legal tender includes.
A. Currency notes and credit cards
B. Currency notes and bank deposits
C. Currency notes and coins
D. Currency notes and cheques
3 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
4 When a commercial bank creaes credite. Its immediate effect is tha tit raises.
A. The exchange rate
B. The money supply
C. The interest rate
D. The real national income
5 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits
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 Short term loans can be obtained in.
A. Money market
B. Capital market
C. Exchange market
D. Stock Market
8 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
9 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
A. 25 m
B. 10 m
C. 5 m
D. 0 m
10 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits

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