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

Credit money is controlled by

Question # 2

An asset is liquid when it is

Question # 3

Whcih organisation controls the banking system to most countries.

Question # 4

Which is the sourceof interest for a bank

Question # 5

Demand deposite are

Question # 6

Credit money is created by

Question # 7

Demand deposite mean

Question # 8

State Bank policy of regulating intrst rate is called.

Question # 9

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

Question # 10

Monetary pollicy has the objective

Question # 11

Central banks rate of lending to commercial banks is called.

Question # 12

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

Question # 13

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

Question # 14

Central banks rate of lending to commericalbanks is called.

Question # 15

Whcih type of card is not issued by commmercial banks

Question # 16

The bank can give loans

Question # 17

State bank of Pakistan is run by

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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 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
2 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
3 Whcih type of card is not issued by commmercial banks
A. Credit card
B. Green card
C. ATM Card
D. Debit card
4 Commercial banks accept deposits and provide
A. Money
B. Loans
C. Bill of exchange
5 Commercial banks are able to create money by
A. Making loans
B. Printing Money
C. Moral suasion Selling government loans
D. Printing money
6 Which type of cheque is more safe for transfer of money
A. Cross cheque
B. Order cheque
C. Traveller cheque
D. Bearer cheque
7 An asset is liquid when it is
A. Being traded frequnetly
B. Earning a good rate of return
C. Is money or easily converted into money
D. All of the above
8 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
9 Demand deposit are
A. Money
B. Bank note
C. Legal Money
D. Considered to near money
10 Every country establishes central bank to
A. Issue currency
B. To establish commercial bank
C. Toprepare governemnt budget
D. All of the of above

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