5th Chapter

ICS Part 2 Economics English Medium Chapter 5 Test

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

ICS Part 2 Economics English Medium Chapter 5 Test

Start Chapter 5 Test

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

Sr. # Questions Answers Choice
1 Cash cannot be directly obtaines from a bank against
  • A. Cross cheque
  • B. Order cheque
  • C. bearer cheque
  • D. Traveller cheque
2 An asset is liquid when it is
  • A. Being traded frequnetly
  • B. Earning a good rate of return
  • C. Is money or easily converted into money
  • D. All of the above
3 Which type of cheque is least safe for transfer of money
  • A. Bearer cheque
  • B. Traveller cheque
  • C. Order cheque
  • D. Cross cheque
4 Demand deposite are
  • A. Bank notes
  • B. Money
  • C. Considered as ner money
  • D. Legal money
5 The following is not a bank liability.
  • A. Demand Deposit
  • B. Time deposit
  • C. Loans
  • D. Saving Deposit
6 If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
  • A. Demand deposits
  • B. Tiem deposit
  • C. Saving account
  • D. Profit loss account
7 It is NOT an instrument of moneatry policy
  • A. Discount Rate
  • B. Open market operation
  • C. Change in reserve ratio
  • D. Issue notes
8 State bank was established in .
  • A. 1948
  • B. 1950
  • C. 1952
  • D. 1954
9 10-Rupees note is issued by
  • A. National Bank
  • B. State Bank
  • C. Govt. of Pakistan
  • D. Governer State bank
10 Out following the only recognised legal tender is
  • A. Cheque
  • B. Currency notes and coins
  • C. Notes and cheques
  • D. Credit card

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