Bank System Test 04 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Bank System Test 04 Preparation Online 1. Which type of card is not issued by commercial banks?A. Credit card B. Green cardC. Debit cardD. ATM card Loading... 2. Changes in discount rate are brought about by State Bank to?A. (a) and (b) of aboveB. Increase investment activityC. Control inflation D. Increase earnings of the bank Loading... 3. Short term loans can be obtained in?A. Stock market B. Capital marketC. Money market D. All the markets Loading... 4. If you borrow from a bank the amount which the bank charges is called?A. Discount rateB. Bank rate C. Interest rate D. Borrowing rate Loading... 5. If a person is interested that his amount should be readily available as soon as he needs he should deposit his money in?A. Profit-loss accountB. Saving account C. Time deposit D. Demand deposit Loading... 6. Select the true statement?A. The central bank does not advance loans to commercial banks B. None is trueC. The central bank does not charge interest on loans to banks D. The central bank charges high interest rate on loans to commercial banks Loading... 7. Most important source of income of commercial banks is?A. Profit erned on investmentsB. Income from reserves C. Income from collecting utility bills D. Interest charged on loans Loading... 8. The rate charged by a central bank on loans is called?A. Market rate B. Tax rateC. Lending rateD. Discount rate Loading... 9. Market rate of interest is?A. May be higher or lower than discount rateB. Always lower than discount rate C. Both are equal D. Always higher than discount rate Loading... 10. Which type of card is not issued by central banks?A. None is issued y itB. Debit cardC. ATM card D. Credit card Loading... Loading...
