1. .1 The bank is an institute that deals with:
(A) Gold
(B) Money
(C) Barter
(D) None
2. .2 Basic function of a commercial bank is:
(A) Investment
(B) Provide loans
(C) Earn profit
(D) All
3. .3 Commercial bank issues loan to:
(A) Govt.
(B) Public
(C) Other bank
(D) None
4. .4 Which bank issues notes?
(A) Scheduled
(B) Commercial
(C) Central bank
(D) PIDC
5. .5 Bank is an institution, which transacts:
(A) Credit creation
(B) Money
(C) Deposits
(D) None
6. .6 Commercial bank is an agent of:
(A) Govt.
(B) Account holder
(C) Public
(D) All
7. .7 The purpose of central bank is:
(A) Welfare of people
(B) To earn profit
(C) To earn interest
(D) None
8. .8 Which bank is not bound to follow the instruction of SBP?
(A) Scheduled bank
(B) Commercial bank
(C) Non-scheduled bank
(D) IDBP
9. .9 The bank that provides services of clearing house:
(A) NBP
(B) BOP
(C) ADBP
(D) Central bank
10. .10 The bank does not pay interest on ________ account:
(A) Saving
(B) Current
(C) Fixed
(D) Both a & b