Chapter 10 BANK MCQs 10 min Score: 0 Attempted: 0/10 Subscribe 1. .1 The bank is an institute that deals with: (A) Gold (B) Money (C) Barter (D) NoneShow All Answers 2. .2 Basic function of a commercial bank is: (A) Investment (B) Provide loans (C) Earn profit (D) AllShow All Answers 3. .3 Commercial bank issues loan to: (A) Govt. (B) Public (C) Other bank (D) NoneShow All Answers 4. .4 Which bank issues notes? (A) Scheduled (B) Commercial (C) Central bank (D) PIDCShow All Answers 5. .5 Bank is an institution, which transacts: (A) Credit creation (B) Money (C) Deposits (D) NoneShow All Answers 6. .6 Commercial bank is an agent of: (A) Govt. (B) Account holder (C) Public (D) AllShow All Answers 7. .7 The purpose of central bank is: (A) Welfare of people (B) To earn profit (C) To earn interest (D) NoneShow All Answers 8. .8 Which bank is not bound to follow the instruction of SBP? (A) Scheduled bank (B) Commercial bank (C) Non-scheduled bank (D) IDBPShow All Answers 9. .9 The bank that provides services of clearing house: (A) NBP (B) BOP (C) ADBP (D) Central bankShow All Answers 10. .10 The bank does not pay interest on ________ account: (A) Saving (B) Current (C) Fixed (D) Both a & bShow All Answers
