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Online Tests
Economics Ics Part 2 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
Treasury bill is used for
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Getting short term loans by central bank
Getting long term loans
Collecting govt. taxes
Make payments of utility bills
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Question # 2
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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Question # 3
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 # 4
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 # 5
Whcih organisation controls the banking system to most countries.
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Central Bank
Commercial bank
Investment bankWorld bank
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Question # 6
Credit money is created by
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Central bank
Commercial Bank
Government
All of the above
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Question # 7
Banks discout it and advance loans.
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Draft
Bill of exchange
Pay Order
Gold
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Question # 8
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
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Question # 9
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
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Question # 10
Central banks rate of lending to commericalbanks is called.
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Interest rate
Discount rate
Money rate
Inflation rate
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Question # 11
Every country establishes centralbank to
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Issue notes
Supervise commerical bank
Giveloans to businessmen
a and b of above
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Question # 12
The following is not a bank liability.
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Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 13
Demand deposite mean
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Saving account
Chequeable deposits
Profit loss account
Time deposits
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Question # 14
It creates credit
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Central Bank
Commercial Bank
Government
Stock exchange
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Question # 15
Profit and losss sharing is basis of finance under this system.
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Islamic
Capitalistic
Socialistic
None
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Question # 16
State bank of Pakistan is run by
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Board of directors
Board of managers
Board of govenors
Board of bankers
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Question # 17
State Bank policy of regulating intrst rate is called.
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Monetary policy
Commerical policy
Banking policy
Fiscal policy
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