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 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
2 The following is not a bank liability.
  • A. Demand deposit
  • B. Time deposit
  • C. Loan
  • D. Saving Deposit
3 Treasury bill is used for
  • A. Getting short term loans by central bank
  • B. Getting long term loans
  • C. Collecting govt. taxes
  • D. Make payments of utility bills
4 Demand deposite are
  • A. Bank notes
  • B. Money
  • C. Considered as ner money
  • D. Legal money
5 It creates credit
  • A. Central Bank
  • B. Commercial Bank
  • C. Government
  • D. Stock exchange
6 Central banks rate of lending to commericalbanks is called.
  • A. Interest rate
  • B. Discount rate
  • C. Money rate
  • D. Inflation rate
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 Which type of cheque is least safe for transfer of money
  • A. Bearer cheque
  • B. Traveller cheque
  • C. Order cheque
  • D. Cross cheque
9 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
10 Demand depostis are.
  • A. Money
  • B. Banks notes
  • C. Legal money
  • D. Considerd and near money

Chapterwise Lists

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