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 "

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

Question # 1

What is the time bill of exchange.

  • Ans 1: The bill whose payment is to be made after a fiexed period of time is called time bill Time of billiis three months or six months or nine months. Time bill is presented after the expiry of iots time and the payment is made on it.
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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 is the time bill of exchange.

  • Ans 1: The bill whose payment is to be made after a fiexed period of time is called time bill Time of billiis three months or six months or nine months. Time bill is presented after the expiry of iots time and the payment is made on it.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 2

Question # 1

What is industrial bank.

  • Ans 1: Industrial bank advances loans to industrialists for the growth and development of industry only. This bank advances loans toindustialists for short term. medium term and long term. Although this bank receives depoists like commerccial banks. but advances loans only for industrial purposes. Industrial loans are advanced in the form of both domestic currency and foreign exchange.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3

Question # 1

Write functions of meny.

  • Ans 1: 1- Medium of exchange 2- Common measure of value
  • Ans 2: 3- Store of value 4- Standared of future payments
  • Ans 3: 5- Transfer of value 6- A base for Govt. payments and revenues
  • Ans 4: 7- Unit of account
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4

Question # 1

What is meant by open market operation.

  • Ans 1: The policy of the centrla bank to control credit in the country is called monetary policy.
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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5

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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ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6

Question # 1

Define Travelers cheque.

  • Ans 1: Bank issues traveler 's cheque to its customers to save them front the problem of safe custody of cash during traveling. People deposit their amount in the bank to get this cheque and the bak isssues them traverler's cheque.
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12th Principles of Economics Chapter 2 Preparation