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Online Tests
ICS Part 2 Economics English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
A bank has Rs. 5 million in cash The minimum reserve ratio is 20% What is maximum potential increase in total deposite.
Choose an answer
25 m
10 m
5 m
0 m
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Question # 2
Demand deposite mean
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Saving account
Chequeable deposits
Profit loss account
Time deposits
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Question # 3
Treasury bill is used for
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Getting short term loans by central bank
Getting long term loans
Collecting govt. taxes
Make payments of utility bills
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Question # 4
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 # 5
Bank Prepare their balace sheet.
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Weekly
Monthly
Quarterly
Annualy
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Question # 6
Every country establishes central bank to
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Issue currency
To establish commercial bank
Toprepare governemnt budget
All of the of above
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Question # 7
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 # 8
Out following the only recognised legal tender is
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Cheque
Currency notes and coins
Notes and cheques
Credit card
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Question # 9
It is NOT an instrument of moneatry policy
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Discount Rate
Open market operation
Change in reserve ratio
Issue notes
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Question # 10
Cash cannot be directly obtaines from a bank against
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Cross cheque
Order cheque
bearer cheque
Traveller cheque
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Question # 11
Credit money is created by
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Central bank
Commercial Bank
Government
All of the above
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Question # 12
Which is considered liablility by a bank
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Loans
Bank building and equipment
Time deposit
Securities
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Question # 13
Which is the sourceof interest for a bank
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Advances
Bills discounted
Investments
All
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Question # 14
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 # 15
A bank has Rs5 million in cash. The minimum reserve ratio is 20% What is maximum potential increase in total deposits
Choose an answer
0
5 m
10 m
25 m
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Question # 16
Which is a monetary measure to increase employment.
Choose an answer
Increase in govt expenditure
Reduce govt expenditure
Increase in interest rate
Reducing intrest rate
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Question # 17
Which type of cheque is least safe for transfer of money
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Bearer cheque
Traveller cheque
Order cheque
Cross cheque
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Question # 18
Demand deposite are
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Bank notes
Money
Considered as ner money
Legal money
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