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 Demand deposite mean
  • A. Saving account
  • B. Chequeable deposits
  • C. Profit loss account
  • D. Time deposits
3 Central banks rate of lending to commericalbanks is called.
  • A. Interest rate
  • B. Discount rate
  • C. Money rate
  • D. Inflation rate
4 State bank of Pakistan is run by
  • A. Board of directors
  • B. Board of managers
  • C. Board of govenors
  • D. Board of bankers
5 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
6 Commercial banks accept deposits and provide
  • A. Money
  • B. Loans
  • C. Bill of exchange
7 The money called legal tender includes.
  • A. Currency notes and credit cards
  • B. Currency notes and bank deposits
  • C. Currency notes and coins
  • D. Currency notes and cheques
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 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 Short term loans can be obtained in.
  • A. Money market
  • B. Capital market
  • C. Exchange market
  • D. Stock Market

Chapterwise Lists

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