MCQ Bank
The benefit of no tax deduction is associated with which of the following?
- A) Current account
- B) Foreign currency account
- C) PLS account
- D) Term deposit account
Which of the following account type allows the facility of unlimited withdrawls as per balance availability without accruing any profit on investment everyday?
- A) Current account
- B) Term deposit
- C) Saving account
- D) Forex account
Which of the following party must evaluate the credibility of the customers?
- A) State Bank
- B) Loan officer
- C) Government official
- D) Any agent of bank
Which of the following sector’s association is crucial for the promotion of microfinance sector?
- A) Saving bank
- B) Investment bank
- C) Commercial bank
- D) State bank
ICP stands for:
- A) Investment Corporation of Pakistan
- B) Investment Choice Plan
- C) Integrated Contingency Plan
- D) Internet Content Provider
Which area of the banks has been neglected while making reforms?
- A) E-banking
- B) Finance
- C) Human resource
- D) Payment system
How we can describe the mutual fund family?
- A) A group of fund that is managed by the single person
- B) A group of funds that are marketed under one or more brand names
- C) A group of fund that is managed by the single company
- D) A group of fund that is controlled under the same head
Establishment year of ICP is:
- A) 1960
- B) 1966
- C) 1970
- D) 1973
Which of the following is responsible for granting credit rating to Banks?
- A) National Accountability bureau
- B) State Bank of Pakistan
- C) Pakistan credit rating agency (PACRA)
- D) Federal revenue department
Banks are required to assess themselves from which of the following?
- A) Ministry of finance
- B) Chamber of commerce
- C) State Bank
- D) Credit rating agencies
What is the paid up capital requirement of microfinance at provincial level?
- A) Rs. 700 million
- B) Rs. 100 million
- C) Rs. 500 million
- D) Rs. 250 million
Mr. A wants to start a small size business unit in his own village, for this purpose he will apply for which type of loan?
- A) Mortgage loan
- B) Auto loan
- C) Business finance loan
- D) None of the given options
Mr. A wants to build his home for this purpose he will apply for which of the following type of loan?
- A) Corporate loan
- B) Indirect auto loan
- C) Mortgage loan
- D) Auto loan
As a depositor, you want high return on your saving, you will go for the bank with _____.
- A) AA rating
- B) B rating
- C) B or C rating
- D) C rating
Khushali Bank is a ___________
- A) A leasing company
- B) A Micro finance institution
- C) An insurance company
- D) Central regulatory bank
NIT stands for:
- A) National Institute of Technology
- B) Network Integration Testing
- C) National Investment Trust
- D) Negative Income Tax
National investment trust is also called as:
- A) Close ended mutual fund
- B) Money market fund
- C) Open ended mutual fund
- D) Income & Growth fund
Which of the following statement is NOT true about open ended mutual funds?
- A) None of the given options
- B) The funds redeem shares at net asset value
- C) The funds offer professional management to Investors
- D) The funds ensure investors guaranteed rate of return
Mutual funds are associated to a special group which is called:
- A) Banks
- B) Insurance companies
- C) Pension funds
- D) Investment companies
The discounting rate of the first class bills by the State Bank is called:
- A) Loan rate
- B) Bank rate
- C) Discounting rate
- D) Prime lending rate