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Online Tests
Economics Ics Part 2 English Medium Chapter 5 Online Test MCQs With Answers
Question # 1
The following is not a bank liability.
Choose an answer
Demand Deposit
Time deposit
Loans
Saving Deposit
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Question # 2
Whcih organisation controls the banking system to most countries.
Choose an answer
Central Bank
Commercial bank
Investment bankWorld bank
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Question # 3
Balance sheet of a bank has two parts
Choose an answer
Supply and demand for deposits
Supply and demand of Advances
Assests and liablilities
Cash Reserves and loans
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Question # 4
Every country establishes centralbank to
Choose an answer
Issue notes
Supervise commerical bank
Giveloans to businessmen
a and b of above
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Question # 5
If a person is intrested that his amount shoud be readily available as soon ashe needs he should deposit his money in.
Choose an answer
Demand deposits
Tiem deposit
Saving account
Profit loss account
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Question # 6
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 # 7
The bank can give loans
Choose an answer
Unlimited
Equal to deposites
less than deposits
More dhan deposits
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Question # 8
Which type of cheque is more safe for transfer of money
Choose an answer
Cross cheque
Order cheque
Traveller cheque
Bearer cheque
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Question # 9
The money called legal tender includes.
Choose an answer
Currency notes and credit cards
Currency notes and bank deposits
Currency notes and coins
Currency notes and cheques
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Question # 10
Credit money is controlled by
Choose an answer
Central bank
Market forces
Commercial Bank
Government
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Question # 11
Treasury bill is used for
Choose an answer
Getting short term loans by central bank
Getting long term loans
Collecting govt. taxes
Make payments of utility bills
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Question # 12
Which is considered liablility by a bank
Choose an answer
Loans
Bank building and equipment
Time deposit
Securities
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Question # 13
Monetary pollicy has the objective
Choose an answer
Decrease unemployment rate
Decrease tax rate
Decreases inflation rate
a and c of the above
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Question # 14
Profit and losss sharing is basis of finance under this system.
Choose an answer
Islamic
Capitalistic
Socialistic
None
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Question # 15
Demand deposit are
Choose an answer
Money
Bank note
Legal Money
Considered to near money
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Question # 16
Which type of card is not issued by central banks
Choose an answer
Credi card
Debit card
ATM Card
None is issued by it
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Question # 17
Commercial banks are able to create money by
Choose an answer
Making loans
Printing Money
Moral suasion Selling government loans
Printing money
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