I.Com part 2 Principles of Economics Chapter 2 Short Question Preparation

12th Class Principles of Economics
Chapter 2

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12th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 2 "ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation "

Try The Short Questions For ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation

  • Total Questions10

  • Available Sets6

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Economics - ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation

Question # 1

What are cooperative banks.

  • Ans 1: These banks operate under self help it means most of their capital is collected under self help . Theya re set up for the betterment of small cultivators and land vilalge. cooperative society, provincial cooperative bank and Federal cooperative bank are cooperative banks.
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Prepare Complete Set Wise Questions For Chapter 2 "ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation "

ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 1

Question # 1

What are cooperative banks.

  • Ans 1: These banks operate under self help it means most of their capital is collected under self help . Theya re set up for the betterment of small cultivators and land vilalge. cooperative society, provincial cooperative bank and Federal cooperative bank are cooperative banks.
Submit

ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 2

Question # 1

Write five disadvantages fo credit money.

  • Ans 1: 1- Arising of inflation 2- Unnecessary consumption of wealth
  • Ans 2: 3- Arising of inequality in incomes 4- Trend of speculation
  • Ans 3: 5- Esatablishment of monopolies
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

Question # 1

Write formula of credit creation.

  • Ans 1: Primary deposit x 1 / Cash reserve ratio
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4

Question # 1

Explain limed legal tender money.

  • Ans 1: The kind of money in which payment canbe made only to a certain extant is called Limited legal tender money. In Pakistan. 25 paisa and other lower value coins were limited legal tender money One could pay up to 20 Rupees by these coins.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

Question # 1

What are the method sof issuing of notes.

  • Ans 1: 1- Fixed fiduciary system 2- Proportional Reserve system.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6

Question # 1

What is bank draft.

  • Ans 1: Bank draft is a document on which a brnach of a bank orders another branc in some other prt of the country to ay the amout of money written on in it to the person in whose favour the draft is issued.Draft is used to transfer money safely from one place to another.
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12th Principles of Economics Chapter 2 Preparation

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