Bank System Test 03 Preparation Online

Economics

1. Select the correct statement?

A. All money is evil

B. Both legal money and credit money are equally useful

C. Credit money is better than legal money

D. Legal money is better than credit money

2. Credit money is created by?

A. Commercial bank

B. All of the above

C. Government

D. Central bank

3. Select the correct statement?

A. Finance companies create fake money

B. Central bank creates legal money

C. None of the above is true

D. Commercial bank create paper money

4. Which type of cheque is more safe for transfer of money?

A. Cross cheque

B. Order cheque

C. Bearer cheque

D. Traveller cheque

5. Select the correct statement?

A. Govt. creates paper money

B. Commercial bank create convertible money

C. Central bank creates convertible money

D. None of the above is true

6. Credit money is created by?

A. Commercial bank

B. Exchange bank

C. Finance companies

D. None of these

7. Which is considered liability by a bank?

A. Loans

B. Time deposit

C. Securities

D. Bank's building and equipment

8. Which type of cheque is least safe for transfer of money?

A. Bearer cheque

B. Order cheque

C. Traveller cheque

D. Cross cheque

9. Demand deposits are money because?

A. They are backed by gold

B. They can be used to make payments

C. All of the above

D. They are assets of banks

10. If a person is more interested to earn income, he should deposit his money in?

A. Time deposit

B. Profit-loss account

C. Saving account

D. Demand deposit

Bank System Test 03 Preparation Online

Economics

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