The bank established for loans to very small enterprises in Pakistan is called_______________? A. Micro Finance Bank B. Moderba Bank C. SME- Bank D. First MINI Bank
Treasury bill is used for_________________? A. Getting short term loans B. Getting long term loans C. Treasury bill in not credit instrument D. Treasury bill is a govt. tax bill
When the State Bank wants to decrease money supply in the country, it _______________? A. Buys govt. securities in stock marketB. Sells govt. securities C. Lowers discount rate D. B and C of above
When a commercial bank creates credit its immediate effect is that it raises__________________? A. The exchange rates B. The interest ratesC. The money supplies D. The real national income
The Liquidity Trap condition occurs at a_______________? A. Low rate of interestB. Very low rate of interest C. High rate of interest D. Very high rate of interest
The power of a bank to create credit is affected by ? A. The cash reserve requirement B. The amount of cash available C. The number of branches of a bankD. A and B of above
Pakistan’s fiscal years starts from? A. 1st September B. 1st January C. 1st AprilD. 1st July
A tariff______________? A. Increase the volume of tradeB. Reduces the volume of trade C. Has no effect on volume of trade? D. A and C of above
Velocity of circulation of money means ? A. The number of times a unit of money changes hands daily B. The number of times as unit of money changes hands monthlyC. The number of times a unit of money changes…
Government of Pakistan issues currency on the basis of__________________? A. Availability of gold in the country B. Availability of dollars in the countryC. Demand for money in the country D. Tax collection