Business and Finance MCQs Test 07 Preparation Online

1. After debentures are redeemed, the balance in the sinking fund account is transferred to:

2. Which is the source of interest for a bank?

3. The profit on re-issuing forfeited shares is transferred to:

4. To the extent redemption of preference shares takes place out of profits, an equal amount has to be transferred to:

5. The excess of purchase price over net assets is:

6. When shares are forfeited, the share capital account is debited by:

7. Demand deposits mean?

8. Divisible profits do not include:

9. A preliminary expense is a:

10. The share application account is a:

11. In the balance sheet of a company, the items goodwill, patents and trade marks are shown under the heading:

12. When a commercial bank creates credit, its immediate effect is that it raises?

13. Which is a function of a commercial bank?

14. An asset is liquid when it is?

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

16. Total number of bank branches in Pakistan is?

17. Premium on redemption of debentures is accounted for in the:

18. When a commercial bank creates credit, it immediately raises?

19. Commercial banks are able to create money by?

20. The following is not a bank liability?