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

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

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

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

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

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

8. 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.

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

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

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

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

13. When a commercial bank creates credit, it immediately raises?
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. Divisible profits do not include:
A.
B.
C.
D.

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

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

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

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

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


 

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