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

Which type of cheque is least safe for transfer of money

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

Bank Prepare their balace sheet.

Question # 5

Demand deposite are

Question # 6

Treasury bill is used for

Question # 7

Every country establishes centralbank to

Question # 8

Whcih organisation controls the banking system to most countries.

Question # 9

Whis is the most widely used tool of monetary policy

Question # 10

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

Question # 11

Which type of cheque is more safe for transfer of money

Question # 12

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

Question # 13

Banks discout it and advance loans.

Question # 14

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

Question # 15

Cash cannot be directly obtaines from a bank against

Question # 16

It is NOT an instrument of moneatry policy

Question # 17

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

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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 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
2 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
3 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
4 Demand deposite are
A. Bank notes
B. Money
C. Considered as ner money
D. Legal money
5 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
6 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
7 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
8 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
9 Profit and losss sharing is basis of finance under this system.
A. Islamic
B. Capitalistic
C. Socialistic
D. None
10 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card

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