5th Chapter

12th Economics Chapter 5 Test

Here you can prepare 12th Economics English Medium Chapter 5 Banks Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

This online test contains MCQs about following topics:

. Kinds of banks, Commercial banks and their functions credit creation, Definition of interest, Interest free banking in Pakistan, Case study of Malaysia and Saudi Arabia, Importance of banks.

ICS Part 2 Economics Ch. 5 Test
ic

2nd Year Economics Chapter 5 Online MCQ Test for 12th Class Economics Chapter 5 (Banks)

Sr. # Questions Answers Choice
1 Demand deposit are
  • A. Money
  • B. Bank note
  • C. Legal Money
  • D. Considered to near money
2 State bank was established in .
  • A. 1948
  • B. 1950
  • C. 1952
  • D. 1954
3 If you borrow from a bak the amount which the bank charges is called.
  • A. Interest rate
  • B. tax rate
  • C. discount rate
  • D. Market rate
4 Which type of card is not issued by central banks
  • A. Credi card
  • B. Debit card
  • C. ATM Card
  • D. None is issued by it
5 Whcih type of card is not issued by commmercial banks
  • A. Credit card
  • B. Green card
  • C. ATM Card
  • D. Debit card
6 Short term loans can be obtained in.
  • A. Money market
  • B. Capital market
  • C. Exchange market
  • D. Stock Market
7 10-Rupees note is issued by
  • A. National Bank
  • B. State Bank
  • C. Govt. of Pakistan
  • D. Governer State bank
8 If a person is more intrested to earn income he shud deposit his money in
  • A. Demand deposits
  • B. Time deposit
  • C. Saving account
  • D. Profit loss account
9 Profit and losss sharing is basis of finance under this system.
  • A. Islamic
  • B. Capitalistic
  • C. Socialistic
  • D. None
10 Commercial banks accept deposits and provide
  • A. Money
  • B. Loans
  • C. Bill of exchange

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