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

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

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

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

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

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

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

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

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

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

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

13. 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.

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

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

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

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

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

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

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


 

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