Business and Finance MCQs Test 07 Preparation Online

Test Instructions

Business and Finance MCQs Test 07 Preparation Online

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

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

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

4. 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.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


 

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