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 Credit money is created by Exchange bank Commerical Bank Finance companies None of the above
2 Credit money is created by Central bank Commercial Bank Government All of the above
3 Which is considered liablility by a bank Loans Bank building and equipment Time deposit Securities
4 Demand deposite mean Saving account Chequeable deposits Profit loss account Time deposits
5 When a commercial bank creaes credite. Its immediate effect is tha tit raises. The exchange rate The money supply The interest rate The real national income
6 Which is a function of commercial bank Acting as a govt. banker Fixing the exchange rate Making loans Issueing bank notes
7 Commercial banks are able to create money by Making loans Printing Money Moral suasion Selling government loans Printing money
8 Which is the sourceof interest for a bank Advances Bills discounted Investments All
9 The following is not a bank liability. Demand deposit Time deposit Loan Saving Deposit
10 A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits 0 5 m 10 m 25 m
11 An asset is liquid when it is Being traded frequnetly Earning a good rate of return Is money or easily converted into money All of the above
12 Demand deposite are Bank notes Money Considered as ner money Legal money
13 The following is not a bank liability. Demand Deposit Time deposit Loans Saving Deposit
14 A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite. 25 m 10 m 5 m 0 m
15 Demand deposit are Money Bank note Legal Money Considered to near money
16 Demand depostis are. Money Banks notes Legal money Considerd and near money
17 Balance sheet of a bank has two parts Supply and demand for deposits Supply and demand of Advances Assests and liablilities Cash Reserves and loans
18 Bank Prepare their balace sheet. Weekly Monthly Quarterly Annualy
19 Banks discout it and advance loans. Draft Bill of exchange Pay Order Gold
20 The bank can give loans Unlimited Equal to deposites less than deposits More dhan deposits
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