| 1 |
When the State bank wants to decrease money supply in the country it |
- A. Buys govt securities in stock market
- B. Sells govt securities
- C. Lowers discount rate
- D. B and C of above
|
| 2 |
Central's bank rate of lending to commercial banks is called |
- A. Interest rate
- B. Discount rate
- C. Money rate
- D. Control rate
|
| 3 |
Credit money is controlled by |
- A. Government
- B. Commercial banks
- C. Central bank
- D. Markets
|
| 4 |
State bank of Pakistan is run by |
- A. Board of directors
- B. Board of governors
- C. Board of managers
- D. Board of bankers
|
| 5 |
Acting as lender of last resort, a central bank lends to |
- A. Money markets
- B. Stock exchange
- C. Commercial banks
- D. Does not lend
|
| 6 |
A Country has proportional system of taxation. A person pay Rs.500 tax when his income is 5000, how much tax he will pay if his earning ris4es to 8000. |
- A. 200
- B. 400
- C. 600
- D. 800
|
| 7 |
Treasury bill is used for |
- A. Getting short term loans
- B. Getting long term loans
- C. Treasury bill is not credit instrument
- D. Treasury bill is govt. tax bill
|
| 8 |
Govt.prepares its budget |
- A. Weekly
- B. Monthly
- C. quarterly
- D. annually
|
| 9 |
Every country establishes central bank to |
- A. Issue notes
- B. Supervise commercial banks
- C. Give loans to businessmen
- D. A and B of above
|
| 10 |
The direct tax is that which |
- A. Is paid by the person on whom it is levied
- B. Can be directly deposited in the bank
- C. Can not be evaded
- D. Heavy burden on the tax payers
|
