Question # 1

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

Acting as lender of last resort a cenral bank lend to.

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Money market

Stock exchange

Commercial Bank

Does not lend

10-Rupees note is issued by

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National Bank

State Bank

Govt. of Pakistan

Governer State bank

Which is a function of commercial bank

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Acting as a govt. banker

Fixing the exchange rate

Making loans

Issueing bank notes

Demand deposite mean

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Saving account

Chequeable deposits

Profit loss account

Time deposits

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

If you borrow from a bak the amount which the bank charges is called.

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Interest rate

tax rate

discount rate

Market rate

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

Balance sheet of a bank has two parts

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Supply and demand for deposits

Supply and demand of Advances

Assests and liablilities

Cash Reserves and loans

Whis is the most widely used tool of monetary policy

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Open market operation

Clearing house

Discount rate

Issuing of the note

Credit money is created by

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Exchange bank

Commerical Bank

Finance companies

None of the above

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Icom Part 2 Principles of Economics Chapter 5 English Medium Online Test MCQs With Answers

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