I.Com part 2 Principles of Economics Chapter 3 Short Question Preparation

12th Class Principles of Economics
Chapter 3

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12th Class Principles of Economics Chapter Wise Preparation

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Chapter 2
Chapter 3
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Chapter 7
Chapter 8
Chapter 9
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Online Short Questions For Chapter 3 "ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation "

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Economics - ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation

Question # 1

What is Mortagage bank

Ans 1: These bank mortagage people's property e.g. land. house and other precious goods and advance loans. Bank goes on receivng the income of the propety until the borrower retrun the amout of loan. In Pakistan.

Question # 2

What are Scheduled banks.

Ans 1: These are the banks which start their business after gettig permission from the central bank. Minimum limit of their capital is fixced These are registered with the centralbank and are bound to deposit a certain proportionof their depostis in central bank and are bound to deposit in central bank. Cental bank helps them at the time of trouble as lender of last resort.

Question # 3

What are time deposits.

Ans 1: These are teh depostis which are depostied with the bank for a fiexed period, Bank invests these depostis in some business for a fixex period or lends. So, it pays intrest comparatively at higher rate. However, if a depositor is in severe need of money, he cna draw after serving a notice in advance to the abnk but in this situation bank retruns. the pricnipal amount only land does ot pay any interest.

Question # 4

Which bank is now a govt. bank from teh nationalized banks.

Ans 1: National Bank Of Pakistan

Question # 5

How many mank s did govt make after nationalizing commercial banks.

Ans 1: 1- National bank of Pakistan 2- Habib Bank Limited 3- United Bank
Ans 2: 4- Muslim Commercial bank limited 5- Allied bank limited

Question # 6

When did the govt of Pakistan issue ordiane of nationalization of banks.

Ans 1: On 31st Decemebr 1973

Question # 7

What are profit.

Ans 1: In Islam intrest in prohibited So, the Islamic countries where intrest free banking is in operation banks accept profit and loss sharing depostis instead of saving deposnts.

Question # 8

Who is the president of Banking council.

Ans 1: Deputy governour of State Bank of Pakistan

Question # 9

Write functions of a commercial bank.

Ans 1: 1- Accepting depostis of the people 2- Advancing loans to needy people
Ans 2: 3- Discounting bills of exchange
4- Transfer of money form one place to another.
Ans 3: 5- Performing agency services 6- Guardian of precious articles
Ans 4: 7- Direct investment

Question # 10

Write kinds of banks.

Ans 1: 1- Central bank 2- Commercial Bank 3- Agricultrual bank
Ans 2: 4- Industrial bank 5- Cooperative bank
Ans 3: 6- Saving bank 7- Mortgage bank 8- Foreign exchang bank

Submit

Prepare Complete Set Wise Questions For Chapter 3 "ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation "

Set 1

10 Questions
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Set 2

10 Questions
Start

ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation - Set 1

Question # 1

What is Mortagage bank

Ans 1: These bank mortagage people's property e.g. land. house and other precious goods and advance loans. Bank goes on receivng the income of the propety until the borrower retrun the amout of loan. In Pakistan.

Question # 2

What are Scheduled banks.

Ans 1: These are the banks which start their business after gettig permission from the central bank. Minimum limit of their capital is fixced These are registered with the centralbank and are bound to deposit a certain proportionof their depostis in central bank and are bound to deposit in central bank. Cental bank helps them at the time of trouble as lender of last resort.

Question # 3

What are time deposits.

Ans 1: These are teh depostis which are depostied with the bank for a fiexed period, Bank invests these depostis in some business for a fixex period or lends. So, it pays intrest comparatively at higher rate. However, if a depositor is in severe need of money, he cna draw after serving a notice in advance to the abnk but in this situation bank retruns. the pricnipal amount only land does ot pay any interest.

Question # 4

Which bank is now a govt. bank from teh nationalized banks.

Ans 1: National Bank Of Pakistan

Question # 5

How many mank s did govt make after nationalizing commercial banks.

Ans 1: 1- National bank of Pakistan 2- Habib Bank Limited 3- United Bank
Ans 2: 4- Muslim Commercial bank limited 5- Allied bank limited

Question # 6

When did the govt of Pakistan issue ordiane of nationalization of banks.

Ans 1: On 31st Decemebr 1973

Question # 7

What are profit.

Ans 1: In Islam intrest in prohibited So, the Islamic countries where intrest free banking is in operation banks accept profit and loss sharing depostis instead of saving deposnts.

Question # 8

Who is the president of Banking council.

Ans 1: Deputy governour of State Bank of Pakistan

Question # 9

Write functions of a commercial bank.

Ans 1: 1- Accepting depostis of the people 2- Advancing loans to needy people
Ans 2: 3- Discounting bills of exchange
4- Transfer of money form one place to another.
Ans 3: 5- Performing agency services 6- Guardian of precious articles
Ans 4: 7- Direct investment

Question # 10

Write kinds of banks.

Ans 1: 1- Central bank 2- Commercial Bank 3- Agricultrual bank
Ans 2: 4- Industrial bank 5- Cooperative bank
Ans 3: 6- Saving bank 7- Mortgage bank 8- Foreign exchang bank

Submit

ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation - Set 2

Question # 1

Who is the president of Banking council.

Ans 1: Deputy governour of State Bank of Pakistan

Question # 2

Write functions of a commercial bank.

Ans 1: 1- Accepting depostis of the people 2- Advancing loans to needy people
Ans 2: 3- Discounting bills of exchange
4- Transfer of money form one place to another.
Ans 3: 5- Performing agency services 6- Guardian of precious articles
Ans 4: 7- Direct investment

Question # 3

Write kinds of commercial bank.

Ans 1: 1- Scheduled bank 2- Non - Scheduled bank

Question # 4

What are profit.

Ans 1: In Islam intrest in prohibited So, the Islamic countries where intrest free banking is in operation banks accept profit and loss sharing depostis instead of saving deposnts.

Question # 5

What is saving bank.

Ans 1: These are banks which receive savings of the people as deposits and pay higher intrest rate than the current interest rate.They do not advance loans to the people rather give the whole collected amount to governemnt. In Pakistan national savings centers and post offices are operating as saving banks.

Question # 6

What is agriculture bank.

Ans 1: Agricultureal bank advance loans to farmers for the developmentof agriculture only. This bank advances short term, medium term and long termmloans to farmers for the purchase of agricultural meafchinery, seeds, fertilizer insecticides and installing tubewell.

Question # 7

What are demand deposits.

Ans 1: These are teh deposits which can be demanded back at any time. Geneally business people deposit their amounts in the account of demand deposits so that they may draw money whenever they are in need of it for business affairs, Bank cannot use these deposits for davancing loans. So, bank does not pay intrest on these depostis.

Question # 8

When did the govt of Pakistan issue ordiane of nationalization of banks.

Ans 1: On 31st Decemebr 1973

Question # 9

What is Foreign Exchang bank.

Ans 1: These banks perform the function of exchange of currencies of differnet countries Dut to this transcactions in international trade become easy. These banks provide finaincial resoruces to the importers and exporters by discounting foreign bills of exchange. These banks issue drats also for foreign payments. In pakistna foreign banks Americna express, National and Grindlays bank. Chartered bank etc. are foreign exchange bank

Question # 10

Define bank in the word of Prof Crowther.

Ans 1: "Bank is aninstitution which gets loans to lend and in this way creates credit money."

Submit

12th Principles of Economics Chapter 3 Preparation

Short Questions
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I.Com part 2 Principles of Economics Chapter 3 Short Question Preparation

12th Class Principles of EconomicsChapter 3

12th Class Principles of Economics Chapter Wise Preparation

Online Short Questions For Chapter 3 "ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation "

Economics - ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation

What is Mortagage bank

What are Scheduled banks.

What are time deposits.

Which bank is now a govt. bank from teh nationalized banks.

How many mank s did govt make after nationalizing commercial banks.

When did the govt of Pakistan issue ordiane of nationalization of banks.

What are profit.

Who is the president of Banking council.

Write functions of a commercial bank.

Write kinds of banks.

Prepare Complete Set Wise Questions For Chapter 3 "ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation "

Set 1

Set 2

ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation - Set 1

What is Mortagage bank

What are Scheduled banks.

What are time deposits.

Which bank is now a govt. bank from teh nationalized banks.

How many mank s did govt make after nationalizing commercial banks.

When did the govt of Pakistan issue ordiane of nationalization of banks.

What are profit.

Who is the president of Banking council.

Write functions of a commercial bank.

Write kinds of banks.

ICom Part 2 Principles of Economics Chapter 3 Short Questions Preparation - Set 2

Who is the president of Banking council.

Write functions of a commercial bank.

Write kinds of commercial bank.

What are profit.

What is saving bank.

What is agriculture bank.

What are demand deposits.

When did the govt of Pakistan issue ordiane of nationalization of banks.

What is Foreign Exchang bank.

Define bank in the word of Prof Crowther.

12th Principles of Economics Chapter 3 Preparation

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12th Class Principles of Economics
Chapter 3