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

Every country establishes central bank to

Question # 2

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

Question # 3

Whis is the most widely used tool of monetary policy

Question # 4

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

Question # 5

State bank was established in .

Question # 6

It creates credit

Question # 7

Every country establishes centralbank to

Question # 8

An asset is liquid when it is

Question # 9

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

Question # 10

The following is not a bank liability.

Question # 11

It is NOT an instrument of moneatry policy

Question # 12

The following is not a bank liability.

Question # 13

Commercial banks accept deposits and provide

Question # 14

Which type of card is not issued by central banks

Question # 15

Whcih type of card is not issued by commmercial banks

Question # 16

Credit money is controlled by

Question # 17

Commercial banks are able to create money 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 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
2 The following is not a bank liability.
A. Demand deposit
B. Time deposit
C. Loan
D. Saving Deposit
3 State bank was established in .
A. 1948
B. 1950
C. 1952
D. 1954
4 Central banks rate of lending to commericalbanks is called.
A. Interest rate
B. Discount rate
C. Money rate
D. Inflation rate
5 Bank Prepare their balace sheet.
A. Weekly
B. Monthly
C. Quarterly
D. Annualy
6 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
7 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
8 If a person is more intrested to earn income he shud deposit his money in
A. Demand deposits
B. Time deposit
C. Saving account
D. Profit loss account
9 It is NOT an instrument of moneatry policy
A. Discount Rate
B. Open market operation
C. Change in reserve ratio
D. Issue notes
10 Central banks rate of lending to commercial banks is called.
A. Money rate
B. Control rate
C. Intrested rate
D. Discount rate

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