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

3. A preliminary expense is a:
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. Premium on redemption of debentures is accounted for in the:
A.
B.
C.
D.

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

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

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

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

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

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

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

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

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

15. The following is not a bank liability?
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. Total number of bank branches in Pakistan is?
A.
B.
C.
D.

20. 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.


 

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