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

Which type of cheque is more safe for transfer of money

Question # 2

A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits

Question # 3

Treasury bill is used for

Question # 4

Whcih type of card is not issued by commmercial banks

Question # 5

State bank was established in .

Question # 6

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

Question # 7

Central banks rate of lending to commericalbanks is called.

Question # 8

Balance sheet of a bank has two parts

Question # 9

10-Rupees note is issued by

Question # 10

Demand depostis are.

Question # 11

Demand deposit are

Question # 12

Which is a monetary measure to increase employment.

Question # 13

It creates credit

Question # 14

Monetary pollicy has the objective

Question # 15

Out following the only recognised legal tender is

Question # 16

Banks discout it and advance loans.

Question # 17

Which is considered liablility by 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 Credit money is controlled by
A. Central bank
B. Market forces
C. Commercial Bank
D. Government
3 Which type of cheque is least safe for transfer of money
A. Bearer cheque
B. Traveller cheque
C. Order cheque
D. Cross cheque
4 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
5 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
6 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
7 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
8 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
9 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
10 Demand deposite mean
A. Saving account
B. Chequeable deposits
C. Profit loss account
D. Time deposits

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