ICS Part 2 Economics English Medium Chapter 2 Short Questions with Answers

Online Short Questions For Chapter 2 "ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test "

Try The Short Questions For ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test

  • Total Questions10

  • Available Sets6

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Economics - ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test

Question # 1

What is meant by near money

  • Ans 1: The money whihc is not used a once of for business dealings but it can be converted in net cash after a little effort, is called near money Saving deposits, time deports depostied in bank, Gove securites, bonds, shares of firms are near money.
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Prepare Complete Set Wise Questions For Chapter 2 "ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test "

ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 1

Question # 1

What is meant by near money

  • Ans 1: The money whihc is not used a once of for business dealings but it can be converted in net cash after a little effort, is called near money Saving deposits, time deports depostied in bank, Gove securites, bonds, shares of firms are near money.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 2

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.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 3

Question # 1

Write five advantages of credit money.

  • Ans 1: 1- Saving of metals 2- Easy transerability of money
  • Ans 2: 3- Promotion of trade 4- Easy payment 5- Advantage to govt
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 4

Question # 1

What is cross cheque.

  • Ans 1: Whenon the left hand upper corner of an order cheque two parallel lines are drawn in which the words "Payee account only are written, that order cheque becomes crossed cheque. The amount written on this cheque is deposited in the account of a person in whose name the cheque is issued.
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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - 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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ICS Part 2 Economics English Medium Chapter 2 Online Short Questions Test - Set 6

Question # 1

What is meant by money of account.

  • Ans 1: It means the unit of money by which the value of goods and services is expressed money of account of Paksitna is rupee because all people count their money in rupees. In the same way, price of all goods and servicces is also expressed in rupees.
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ICS Part 2 Economics Chapter 2 Test

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