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Online Tests
Economics Ics Part 2 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
Banks discout it and advance loans.
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Draft
Bill of exchange
Pay Order
Gold
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Question # 2
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 # 3
Credit money is controlled by
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Central bank
Market forces
Commercial Bank
Government
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Question # 4
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
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Question # 5
Which type of cheque is least safe for transfer of money
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Bearer cheque
Traveller cheque
Order cheque
Cross cheque
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Question # 6
Demand depostis are.
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Money
Banks notes
Legal money
Considerd and near money
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Question # 7
Commercial banks are able to create money by
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Making loans
Printing Money
Moral suasion Selling government loans
Printing money
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Question # 8
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 9
Which type of cheque is more safe for transfer of money
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Cross cheque
Order cheque
Traveller cheque
Bearer cheque
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Question # 10
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 # 11
Short term loans can be obtained in.
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Money market
Capital market
Exchange market
Stock Market
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Question # 12
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 # 13
The bank can give loans
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Unlimited
Equal to deposites
less than deposits
More dhan deposits
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Question # 14
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 # 15
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 # 16
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
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Question # 17
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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Question # 18
Monetary pollicy has the objective
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Decrease unemployment rate
Decrease tax rate
Decreases inflation rate
a and c of the above
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Question # 19
10-Rupees note is issued by
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National Bank
State Bank
Govt. of Pakistan
Governer State bank
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Question # 20
Credit money is created by
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Exchange bank
Commerical Bank
Finance companies
None of the above
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Question # 21
Acting as lender of last resort a cenral bank lend to.
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Money market
Stock exchange
Commercial Bank
Does not lend
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Question # 22
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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