ICS Part 2 Economics English Medium Chapter 5 Online Test With Answers

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ICS Part 2 Economics English Medium Chapter 5 Online Test

Sr. # Questions Answers Choice
1 10-Rupees note is issued by National Bank State Bank Govt. of Pakistan Governer State bank
2 State bank was established in . 1948 1950 1952 1954
3 Short term loans can be obtained in. Money market Capital market Exchange market Stock Market
4 If you borrow from a bak the amount which the bank charges is called. Interest rate tax rate discount rate Market rate
5 Which type of card is not issued by central banks Credi card Debit card ATM Card None is issued by it
6 Whcih type of card is not issued by commmercial banks Credit card Green card ATM Card Debit card
7 If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in. Demand deposits Tiem deposit Saving account Profit loss account
8 If a person is more intrested to earn income he shud deposit his money in Demand deposits Time deposit Saving account Profit loss account
9 Which type of cheque is least safe for transfer of money Bearer cheque Traveller cheque Order cheque Cross cheque
10 Which type of cheque is more safe for transfer of money Cross cheque Order cheque Traveller cheque Bearer cheque
11 Credit money is created by Exchange bank Commerical Bank Finance companies None of the above
12 Credit money is created by Central bank Commercial Bank Government All of the above
13 Which is considered liablility by a bank Loans Bank building and equipment Time deposit Securities
14 Demand deposite mean Saving account Chequeable deposits Profit loss account Time deposits
15 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
16 Which is a function of commercial bank Acting as a govt. banker Fixing the exchange rate Making loans Issueing bank notes
17 Commercial banks are able to create money by Making loans Printing Money Moral suasion Selling government loans Printing money
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