Bank System Test 03 Preparation Online Leave a Comment / Economics / By Shani Malik Bank System Test 03 Preparation Online Economics 1. If a person is more interested to earn income, he should deposit his money in?A. Profit-loss accountB. Time deposit C. Demand deposit D. Saving account Loading... 2. Select the correct statement?A. None of the above is trueB. Central bank creates legal money C. Finance companies create fake money D. Commercial bank create paper money Loading... 3. Which is considered liability by a bank?A. Time depositB. SecuritiesC. Bank's building and equipmentD. Loans Loading... 4. Credit money is created by?A. Exchange bank B. Finance companies C. Commercial bankD. None of these Loading... 5. Which type of cheque is least safe for transfer of money?A. Cross chequeB. Order cheque C. Bearer cheque D. Traveller cheque Loading... 6. Credit money is created by?A. Government B. Central bank C. All of the aboveD. Commercial bank Loading... 7. Select the correct statement?A. None of the above is trueB. Commercial bank create convertible money C. Central bank creates convertible moneyD. Govt. creates paper money Loading... 8. Select the correct statement?A. All money is evilB. Credit money is better than legal money C. Both legal money and credit money are equally useful D. Legal money is better than credit money Loading... 9. Demand deposits are money because?A. They can be used to make payments B. All of the aboveC. They are assets of banks D. They are backed by gold Loading... 10. Which type of cheque is more safe for transfer of money?A. Cross chequeB. Traveller cheque C. Order chequeD. Bearer cheque Loading... Loading... Related NTS Results Post:Urogenital System Test 07 Preparation OnlineUrogenital System Test 05 Preparation OnlineUrogenital System Test 01 Preparation OnlineUrogenital System Test 08 Preparation OnlineUrogenital System Test 02 Preparation OnlineUrogenital System Test 09 Preparation OnlineUrogenital System Test 03 Preparation OnlineUrogenital System Test 04 Preparation Online
