MCQ Bank
Which of the following is NOT included in the assets of commercial banks?
- A) Reserves
- B) Bills payable
- C) Cash Items
- D) Securities
What percent of mutual fund is in the form of bond funds?
- A) 25
- B) 20
- C) 30
- D) 18
Which of the following account type allows the facility of unlimited withdrawls as per balance availability while accruing profit on investment everyday?
- A) Term deposit
- B) Current account
- C) Forex account
- D) Saving account
Overall governance of mutual fund is the responsibility of ----------------.
- A) Government’s agent
- B) Directors
- C) Government
- D) Shareholders
Non-government financial institutions are registered with which of the following?
- A) Provincial co-operative department
- B) Registrar of partnership
- C) Registrar of companies
- D) Registrar of cooperative societies
Double benefits of attractive returns and high liquidity are associated with which of the following account?
- A) Current account
- B) PLS account
- C) Foreign currency account
- D) Term deposit account
In some countries time deposit is also known as which of the following?
- A) Fixed deposit
- B) Term deposit
- C) Flat deposit
- D) Promotional deposit
How many ICP funds have been floated in the Pakistani market till now?
- A) 29
- B) 32
- C) 22
- D) 26
Cost of loan for the borrowers that banks usually charge is known as:
- A) Interest
- B) Revenue
- C) Profit
- D) Margin
Which of the following is NOT a true for commercial banks?
- A) Commercial Bank is non profit organization
- B) Commercial Bank accepts deposit
- C) Commercial Bank gives commercial and industrial loans
- D) Commercial Bank Serves consumers
Which of the following are the examples of financial intermediaries?
- A) Insurance companies
- B) Commercial banks
- C) Investment companies
- D) All of the given options
To transfer the funds in coded language which of the following mean is used by the banks?
- A) Pay order
- B) Online fund transfer
- C) Telegraphic transfer
- D) Demand daft
Which of the following banking reform has been introduced with an aim to facilitate the depositors to decide in which bank to deposit their saving?
- A) Debit rating
- B) E-banking
- C) Credit rating
- D) Taxation
Microfinance sector is regulated through which of the following?
- A) Banking company’s ordinance 1962
- B) MFI’s ordinance 2001
- C) Income tax ordinance 2001
- D) Company’s ordinance 1984
Which of the following ordinance deals with delay in recovery of loans?
- A) Financial institutions ordinance 2001
- B) Company’s ordinance 1984
- C) Banking company’s ordinance 1962
- D) Income tax ordinance 2001
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