Question # 1

Which type of cheque is least safe for transfer of money

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Bearer cheque

Traveller cheque

Order cheque

Cross cheque

Commercial banks are able to create money by

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Making loans

Printing Money

Moral suasion Selling government loans

Printing money

Every country establishes centralbank to

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Issue notes

Supervise commerical bank

Giveloans to businessmen

a and b of above

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

Credit money is created by

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Exchange bank

Commerical Bank

Finance companies

None of the above

State bank of Pakistan is run by

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Board of directors

Board of managers

Board of govenors

Board of bankers

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

A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits

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0

5 m

10 m

25 m

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

Which is considered liablility by a bank

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Loans

Bank building and equipment

Time deposit

Securities

Central banks rate of lending to commercial banks is called.

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Money rate

Control rate

Intrested rate

Discount rate

State Bank policy of regulating intrst rate is called.

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Monetary policy

Commerical policy

Banking policy

Fiscal policy

Profit and losss sharing is basis of finance under this system.

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Islamic

Capitalistic

Socialistic

None

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

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25 m

10 m

5 m

0 m

Credit money is controlled by

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Central bank

Market forces

Commercial Bank

Government

Which type of card is not issued by central banks

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Credi card

Debit card

ATM Card

None is issued by it

Banks discout it and advance loans.

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Draft

Bill of exchange

Pay Order

Gold

If a person is more intrested to earn income he shud deposit his money in

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Demand deposits

Time deposit

Saving account

Profit loss account

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