Bank System Test 01 Preparation Online Shani Malik — May 21, 2018 in Economics • add comment Bank System Test 01 Preparation Online 1. Profit and loss-sharing is an element of this system?A. SocialisticB. CapitalisticC. IslamicD. None of these 2. Balance sheet of a bank has two parts?A. Assets and liabilitiesB. Cash reserves and loansC. Supply and demand of advancesD. Supply and demand for deposits 3. Cash cannot be obtained from bank against?A. Cross chequeB. Traveller chequeC. Order chequeD. Bearer cheque 4. The banks can give loans?A. Equal to deposits B. UnlimitedC. Less than depositsD. More than deposits 5. Banks prepare their balance sheet?A. WeeklyB. QuarterlyC. AnnuallyD. Monthly 6. The power of a bank to create credit is affected by?A. The amount of cash availableB. The cash reserve requirementC. Both (a) & (b)D. The number of branches of a bank 7. When banks prepare their balance sheets, they show the money lent in?A. None of theseB. Both assets and liabilitiesC. LiabilitiesD. Assets 8. Commercial banks accept deposits and provide?A. Bill of exchangeB. LoansC. ChequeD. Money 9. Banks discount it and advance loans?A. GoodB. DraftC. Bill of exchangeD. Pay order 10. Demand deposits are?A. Legal moneyB. Considered as near moneyC. Bank notesD. Money (they can be used to make payments) Loading...
