Business and Finance MCQs Test 07 Preparation Online

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Test Instructions

Business and Finance MCQs Test 07 Preparation Online

1. To the extent redemption of preference shares takes place out of profits, an equal amount has to be transferred to:
A.
B.
C.
D.

2. The profit on re-issuing forfeited shares is transferred to:
A.
B.
C.
D.

3. Premium on redemption of debentures is accounted for in the:
A.
B.
C.
D.

4. After debentures are redeemed, the balance in the sinking fund account is transferred to:
A.
B.
C.
D.

5. In the balance sheet of a company, the items goodwill, patents and trade marks are shown under the heading:
A.
B.
C.
D.

6. Divisible profits do not include:
A.
B.
C.
D.

7. A preliminary expense is a:
A.
B.
C.
D.

8. Which is the source of interest for a bank?
A.
B.
C.
D.

9. Total number of bank branches in Pakistan is?
A.
B.
C.
D.

10. When a commercial bank creates credit, its immediate effect is that it raises?
A.
B.
C.
D.

11. The share application account is a:
A.
B.
C.
D.

12. Demand deposits mean?
A.
B.
C.
D.

13. Commercial banks are able to create money by?
A.
B.
C.
D.

14. When shares are forfeited, the share capital account is debited by:
A.
B.
C.
D.

15. Which is a function of a commercial bank?
A.
B.
C.
D.

16. When a commercial bank creates credit, it immediately raises?
A.
B.
C.
D.

17. The excess of purchase price over net assets is:
A.
B.
C.
D.

18. An asset is liquid when it is?
A.
B.
C.
D.

19. The following is not a bank liability?
A.
B.
C.
D.

20. A bank has Rs. 5 million in cash. The minimum reserve ratio is 20%. What is maximum potential increase in total deposits?
A.
B.
C.
D.


 

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