| 1 |
The money called legal tender includes. |
- A. Currency notes and credit cards
- B. Currency notes and bank deposits
- C. Currency notes and coins
- D. Currency notes and cheques
|
| 2 |
Commercial banks are able to create money by |
- A. Making loans
- B. Printing Money
- C. Moral suasion Selling government loans
- D. Printing money
|
| 3 |
Central banks rate of lending to commercial banks is called. |
- A. Money rate
- B. Control rate
- C. Intrested rate
- D. Discount rate
|
| 4 |
Which is a monetary measure to increase employment. |
- A. Increase in govt expenditure
- B. Reduce govt expenditure
- C. Increase in interest rate
- D. Reducing intrest rate
|
| 5 |
Banks discout it and advance loans. |
- A. Draft
- B. Bill of exchange
- C. Pay Order
- D. Gold
|
| 6 |
Credit money is created by |
- A. Central bank
- B. Commercial Bank
- C. Government
- D. All of the above
|
| 7 |
The following is not a bank liability. |
- A. Demand Deposit
- B. Time deposit
- C. Loans
- D. Saving Deposit
|
| 8 |
Which type of cheque is least safe for transfer of money |
- A. Bearer cheque
- B. Traveller cheque
- C. Order cheque
- D. Cross cheque
|
| 9 |
Profit and losss sharing is basis of finance under this system. |
- A. Islamic
- B. Capitalistic
- C. Socialistic
- D. None
|
| 10 |
Acting as lender of last resort a cenral bank lend to. |
- A. Money market
- B. Stock exchange
- C. Commercial Bank
- D. Does not lend
|
