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Online Tests
Icom Part 2 Principles of Economics Chapter 5 English Medium Online Test MCQs With Answers
Question # 1
Demand depostis are.
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Money
Banks notes
Legal money
Considerd and near money
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Question # 2
Which is considered liablility by a bank
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Loans
Bank building and equipment
Time deposit
Securities
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Question # 3
The following is not a bank liability.
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Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 4
Profit and losss sharing is basis of finance under this system.
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Islamic
Capitalistic
Socialistic
None
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Question # 5
The money called legal tender includes.
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Currency notes and credit cards
Currency notes and bank deposits
Currency notes and coins
Currency notes and cheques
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Question # 6
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
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Question # 7
When a commercial bank creaes credite. Its immediate effect is tha tit raises.
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The exchange rate
The money supply
The interest rate
The real national income
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Question # 8
Cash cannot be directly obtaines from a bank against
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Cross cheque
Order cheque
bearer cheque
Traveller cheque
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Question # 9
Demand deposite are
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Bank notes
Money
Considered as ner money
Legal money
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Question # 10
Commercial banks accept deposits and provide
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Money
Loans
Bill of exchange
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Question # 11
Out following the only recognised legal tender is
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Cheque
Currency notes and coins
Notes and cheques
Credit card
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