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Online Tests
Economics Ics Part 2 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
Credit money is controlled by
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Central bank
Market forces
Commercial Bank
Government
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Question # 2
If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
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Demand deposits
Tiem deposit
Saving account
Profit loss account
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Question # 3
State bank was established in .
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1948
1950
1952
1954
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Question # 4
Balance sheet of a bank has two parts
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Supply and demand for deposits
Supply and demand of Advances
Assests and liablilities
Cash Reserves and loans
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Question # 5
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
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Question # 6
If a person is more intrested to earn income he shud deposit his money in
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Demand deposits
Time deposit
Saving account
Profit loss account
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Question # 7
Monetary pollicy has the objective
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Decrease unemployment rate
Decrease tax rate
Decreases inflation rate
a and c of the above
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Question # 8
Commercial banks accept deposits and provide
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Money
Loans
Bill of exchange
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Question # 9
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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Question # 10
Commercial banks are able to create money by
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Making loans
Printing Money
Moral suasion Selling government loans
Printing money
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Question # 11
Banks discout it and advance loans.
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Draft
Bill of exchange
Pay Order
Gold
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Question # 12
Whis is the most widely used tool of monetary policy
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Open market operation
Clearing house
Discount rate
Issuing of the note
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Question # 13
It creates credit
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Central Bank
Commercial Bank
Government
Stock exchange
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Question # 14
Which is a function of commercial bank
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Acting as a govt. banker
Fixing the exchange rate
Making loans
Issueing bank notes
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Question # 15
The bank can give loans
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Unlimited
Equal to deposites
less than deposits
More dhan deposits
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Question # 16
Credit money is created by
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Central bank
Commercial Bank
Government
All of the above
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Question # 17
Whcih organisation controls the banking system to most countries.
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Central Bank
Commercial bank
Investment bankWorld bank
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