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 card is not issued by central banks

Question # 2

Short term loans can be obtained in.

Question # 3

Which is the sourceof interest for a bank

Question # 4

Banks discout it and advance loans.

Question # 5

Whcih type of card is not issued by commmercial banks

Question # 6

State Bank policy of regulating intrst rate is called.

Question # 7

Which is a function of commercial bank

Question # 8

An asset is liquid when it is

Question # 9

The money called legal tender includes.

Question # 10

Credit money is created by

Question # 11

Credit money is created by

Question # 12

Demand depostis are.

Question # 13

Whcih organisation controls the banking system to most countries.

Question # 14

Cash cannot be directly obtaines from a bank against

Question # 15

State bank of Pakistan is run by

Question # 16

Every country establishes central bank to

Question # 17

If a person is intrested that his amount shoud be readily available as soon ashe needs he should 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 A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
A. 0
B. 5 m
C. 10 m
D. 25 m
2 It creates credit
A. Central Bank
B. Commercial Bank
C. Government
D. Stock exchange
3 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
4 Which is the sourceof interest for a bank
A. Advances
B. Bills discounted
C. Investments
D. All
5 State Bank policy of regulating intrst rate is called.
A. Monetary policy
B. Commerical policy
C. Banking policy
D. Fiscal policy
6 The following is not a bank liability.
A. Demand Deposit
B. Time deposit
C. Loans
D. Saving Deposit
7 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
8 Demand depostis are.
A. Money
B. Banks notes
C. Legal money
D. Considerd and near money
9 State bank of Pakistan is run by
A. Board of directors
B. Board of managers
C. Board of govenors
D. Board of bankers
10 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

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