Question # 1

Profit and losss sharing is basis of finance under this system.

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Islamic

Capitalistic

Socialistic

None

An asset is liquid when it is

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Being traded frequnetly

Earning a good rate of return

Is money or easily converted into money

All of the above

The bank can give loans

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Unlimited

Equal to deposites

less than deposits

More dhan deposits

Credit money is created by

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Central bank

Commercial Bank

Government

All of the above

State bank was established in .

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1948

1950

1952

1954

Every country establishes central bank to

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Issue currency

To establish commercial bank

Toprepare governemnt budget

All of the of above

Central banks rate of lending to commercial banks is called.

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Money rate

Control rate

Intrested rate

Discount rate

Which is considered liablility by a bank

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Loans

Bank building and equipment

Time deposit

Securities

A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.

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25 m

10 m

5 m

0 m

If you borrow from a bak the amount which the bank charges is called.

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Interest rate

tax rate

discount rate

Market rate

Which type of cheque is more safe for transfer of money

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Cross cheque

Order cheque

Traveller cheque

Bearer cheque

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Icom Part 2 Principles of Economics Chapter 5 English Medium Online Test MCQs With Answers

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