Business and Finance MCQs Test 07 Preparation Online

Test Instructions

Business and Finance MCQs Test 07 Preparation Online

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

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

3. After debentures are redeemed, the balance in the sinking fund account 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. Total number of bank branches in Pakistan is?
A.
B.
C.
D.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


 

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