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

Demand deposite are

Question # 2

Every country establishes centralbank to

Question # 3

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

Question # 4

Demand deposit are

Question # 5

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

Question # 6

Monetary pollicy has the objective

Question # 7

Every country establishes central bank to

Question # 8

Whcih organisation controls the banking system to most countries.

Question # 9

State bank was established in .

Question # 10

Demand depostis are.

Question # 11

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

Question # 12

Commercial banks are able to create money by

Question # 13

State bank of Pakistan is run by

Question # 14

Commercial banks accept deposits and provide

Question # 15

Which is the sourceof interest for a bank

Question # 16

Short term loans can be obtained in.

Question # 17

Which type of cheque is least safe for transfer of money

Prepare Complete Set Wise Chapter 0 "ICS Part 2 Economics English Medium Chapter 5 Online Test" MCQs Online With Answers


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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 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
3 Credit money is created by
A. Exchange bank
B. Commerical Bank
C. Finance companies
D. None of the above
4 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
5 The bank can give loans
A. Unlimited
B. Equal to deposites
C. less than deposits
D. More dhan deposits
6 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
7 Banks discout it and advance loans.
A. Draft
B. Bill of exchange
C. Pay Order
D. Gold
8 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
9 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
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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