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12th Class Principles of Economics
Chapter 2
START CHAPTER 2 TEST
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
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Total Questions10
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Available Sets6
Economics - ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation
Question # 1
What is meant by Bank Rate.
- Ans 1: The sale and purchase of government securities in the open market by the central bank is called open market operation.
ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 1
Question # 1
What is meant by Bank Rate.
- Ans 1: The sale and purchase of government securities in the open market by the central bank is called open market operation.
ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 2
Question # 1
State relationship between prices and value of money.
- Ans 1: There exists inverse functional relationship between prices and value of money it menas value of money falls due to rise in prices and value of money rises due to fall in prices.
ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 3
Question # 1
What is bearer cheque.
- Ans 1: Any body holding the bearer cheque can receive from the bank , the amount of money written on the cheque. The word bearereis writtenon this cheque. There is no need of any type of indentificacation or verification on this cheque for payment
ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 4
Question # 1
What are the method sof issuing of notes.
- Ans 1: 1- Fixed fiduciary system 2- Proportional Reserve system.
ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 5
Question # 1
What is cheque.
- Ans 1: A cheque is an order by a depositor to a bank for paying the amoutn state don the cheque to the presenter of the cheque. Bank makes th epayment if the amount of the cheque is int he account and the signatures of the accout holder and all entries fo the cheque are correct.
ICom Part 2 Principles of Economics Chapter 2 Short Questions Preparation - Set 6
Question # 1
Explain ATM card.
- Ans 1: One can see bautiful booths attached with the brnanches of most of the bank. Automatic teller machines, are installed in these booths. Due to ATM there is no need to go to bank inusual business hours. one cna get cash amount through this machine at any time at any place.
