2nd Year Statistics MCQS Set 7

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12th Class Statistics MCQS


The primary function of commercial bank are
Advancing loans
None of these
Accepting deposits
Both a and b

Which of the following gets facility due to commercial letter of credit:
Exporter
Importer
Home traders
Both exporter and importer

Central bank bank supervises one of the following systems of a country:
None of the above
Political
Economical and financial
Provincial

bank is the developed form of
The business of goldsmiths
None of the above
The business of moneylenders
The business of merchants

Formula for calculating total credit creation:
New deposit x 1/Reserve ratio
None of the above
New deposit x Reserve ratio/1
Reserve ratio x 1/New deposit

How many merits of debit card
8
5
7
6

What does the bank receive on issuing a letter of credit:
Profit
Interest
Duty
Commission

Person having an account with a bank or having some similar relation with the bank is called
Customer
Consumer
Owner
Debtor

Drawer and payee of inland promissory note belong to
Different countries
Different cities
Same country
None of the above

Which of the following customers does not have more rights on bank:
Individual customer
Joint customer
All have the same
Minor customer

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