Question # 1

The bank can give loans

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Unlimited

Equal to deposites

less than deposits

More dhan deposits

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

Whcih organisation controls the banking system to most countries.

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Central Bank

Commercial bank

Investment bankWorld bank

Cash cannot be directly obtaines from a bank against

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Cross cheque

Order cheque

bearer cheque

Traveller cheque

It creates credit

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Central Bank

Commercial Bank

Government

Stock exchange

Which is the sourceof interest for a bank

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Advances

Bills discounted

Investments

All

Out following the only recognised legal tender is

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Cheque

Currency notes and coins

Notes and cheques

Credit card

Demand deposit are

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Money

Bank note

Legal Money

Considered to near money

It is NOT an instrument of moneatry policy

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Discount Rate

Open market operation

Change in reserve ratio

Issue notes

Credit money is controlled by

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Central bank

Market forces

Commercial Bank

Government

Which type of card is not issued by central banks

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Credi card

Debit card

ATM Card

None is issued by it

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

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