Business and Finance MCQs Test 07 Preparation Online

Test Instructions

Business and Finance MCQs Test 07 Preparation Online

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

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

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

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

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

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

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

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

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

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

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

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

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

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

15. 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.

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

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

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

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

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


 

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