ICS Part 2 Economics English Medium Online Test With Answers

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ICS Part 2 Economics English Medium Online Test

Sr. # Questions Answers Choice
1 Central banks rate of lending to commericalbanks is called. Interest rate Discount rate Money rate Inflation rate
2 Monetary pollicy has the objective Decrease unemployment rate Decrease tax rate Decreases inflation rate a and c of the above
3 Out following the only recognised legal tender is Cheque Currency notes and coins Notes and cheques Credit card
4 Whcih organisation controls the banking system to most countries. Central Bank Commercial bank Investment bankWorld bank
5 It creates credit Central Bank Commercial Bank Government Stock exchange
6 Credit money is controlled by Central bank Market forces Commercial Bank Government
7 State bank of Pakistan is run by Board of directors Board of managers Board of govenors Board of bankers
8 Central banks rate of lending to commercial banks is called. Money rate Control rate Intrested rate Discount rate
9 Whis is the most widely used tool of monetary policy Open market operation Clearing house Discount rate Issuing of the note
10 Acting as lender of last resort a cenral bank lend to. Money market Stock exchange Commercial Bank Does not lend
11 10-Rupees note is issued by National Bank State Bank Govt. of Pakistan Governer State bank
12 State bank was established in . 1948 1950 1952 1954
13 Short term loans can be obtained in. Money market Capital market Exchange market Stock Market
14 If you borrow from a bak the amount which the bank charges is called. Interest rate tax rate discount rate Market rate
15 Which type of card is not issued by central banks Credi card Debit card ATM Card None is issued by it
16 Whcih type of card is not issued by commmercial banks Credit card Green card ATM Card Debit card
17 If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in. Demand deposits Tiem deposit Saving account Profit loss account
18 If a person is more intrested to earn income he shud deposit his money in Demand deposits Time deposit Saving account Profit loss account
19 Which type of cheque is least safe for transfer of money Bearer cheque Traveller cheque Order cheque Cross cheque
20 Which type of cheque is more safe for transfer of money Cross cheque Order cheque Traveller cheque Bearer cheque
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