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6th Chapter

12th Economics Chapter 6 Test

Here you can prepare 12th Economics English Medium Chapter 6 Central Bank Test. Click the button for 100% free full practice test.

2nd Year Economics Chapter 6 Online MCQ Test for 12th Class Economics Chapter 6 (Central Bank)

This online test contains MCQs about following topics:

. Function of central bank
. Credit control and monetary policy

ICS Part 2 Economics Ch. 6 Test
ic

2nd Year Economics Chapter 6 Online MCQ Test for 12th Class Economics Chapter 6 (Central Bank)

Sr. # Questions Answers Choice
1 Which is the most widely used tool of monetary policy
  • A. Clearing house
  • B. Open-market operations
  • C. Discount rate
  • D. Issuing of notes
2 A person who is tax-payer can shift the burden of tax to someone else. The tax is called.
  • A. shiftable tax
  • B. Indirect tax
  • C. transfer tax
  • D. undesirable tax
3 In Pakistan income tax is collected
  • A. Local Govt.
  • B. Provincial govt.
  • C. Federal govt.
  • D. all govts.
4 The taxing and spending policies are called
  • A. fiscal policy
  • B. Public policy
  • C. Monetary policy
  • D. economic policy
5 It is source of revenue for the local government.
  • A. Corporation tax
  • B. Value added tax
  • C. excise tax
  • D. Property tax
6 10-rupee not is issued by
  • A. National bank
  • B. State bank
  • C. Govt. of Pakistan
  • D. Governor State bank
7 This is NOT a principle of taxation.
  • A. Principle of equality
  • B. Principle of morality
  • C. Principal of secrecy
  • D. Principal of economy
8 Which system of taxation does the table represents?
  • A. Indirect
  • B. Progressive
  • C. Proportional
  • D. Regressive
9 Which statement is true of the relationship between bond prices and bond yields
  • A. The vary inversely
  • B. They vary directly
  • C. They are not related
  • D. They are related in long run and not in the short run
10 Every country establishes central bank to
  • A. Issue notes
  • B. Supervise commercial banks
  • C. Give loans to businessmen
  • D. A and B of above

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