12th Class Statistics MCQS
The charge or price for the use of money is called
Commission
Profit
Interest
Dividend
Saving account can be opened by:
The institutions
All of them
A group of persons
An individual
Which bank does accept the deposits from public
All the above
Foreign exchange bank
Commercial bank
Central bank
The money sent through post office from one country to another
Letter of credit
Traveller’s cheque
Bank draft
International money order
What kind of power does commercial bank possess regarding credit creation
Limited power
All the above are possible
No power
Unlimited power
The institution responsible for the contraction and expansion of money in the best interest of general public is called:
Commercial bank
Central bank
Clearing house
Chamber of commerce
What is meant by margin requirement
To advance loan equal to the value of security
To advance loan less than the value of security
To give less amount as interest than the amount of loan
To advance more loan than the value of security
What is recieved by the post office on money order:
Interest
Commision
All of the above
Profit
Popular types of loan issued by the bank according to term are
Five
Four
Two
Three
Which method or methods are prevailing in Pakistan for issuing notes
Fixed Fiduciary System
Both a and b
None of the these
Proportional Reserve System
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