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1 Finance MCQs

Negotiable certificates of deposit are issued by __________?

  • Financial market
  • Banks
  • Stock exchange
  • Business corporations
0 Comments
Correct Answer: B. Banks

Explanation:

Negotiable certificates of deposit (CDs) are time deposits issued by banks to attract ... Read More Details

2 Finance MCQs

The funds transferred usually for one day between financial institutions are classified as __________?

  • Federal funds
  • Banker’s funds
  • Debt funds
  • Secured funds
0 Comments
Correct Answer: A. Federal funds

Explanation:

Federal funds refer to overnight loans of reserve balances that banks ... Read More Details

3 Finance MCQs

Commercial paper can be sold __________?

  • Issued by commercial banks
  • Directly
  • With brokers or dealers
  • Functional buyers
0 Comments
Correct Answer: B. Directly

Explanation:

Commercial paper is a short-term debt instrument issued by corporations to meet immediate ... Read More Details

4 Finance MCQs

The banks that handle reciprocal agreements and accounts are called __________?

  • Correspondent banks
  • Non-correspondent banks
  • Reciprocal transactions
  • Functional banks
0 Comments
Correct Answer: A. Correspondent banks

Explanation:

Correspondent banks are financial institutions that provide services on behalf of another bank, often in ... Read More Details

5 Finance MCQs

The government regulates financial markets mainly to __________?

  • Increase information available to investors
  • Ensure the soundness of the financial system
  • Create a sound atmosphere
  • Both A and B
0 Comments
Correct Answer: D. Both A and B

Explanation:

Governments regulate financial markets to protect investors and maintain stability. Regulations aim to increase transparency ... Read More Details

6 Finance MCQs

Which document usually underlies an international banker’s acceptance?

  • Letter of confirmation
  • Letter of transfer
  • Letter of credit
  • Letter of buying
0 Comments
Correct Answer: C. Letter of credit

Explanation:

An international banker’s acceptance is a time draft that becomes a financial instrument when accepted ... Read More Details

7 Pakistan Studies MCQs

When was Oil and Gas Development Company Limited (OGDCL) founded?

  • June 20, 1961
  • August 20, 1961
  • September 20, 1961
  • October 20, 1961
0 Comments
Correct Answer: C. September 20, 1961

Explanation:

The Oil and Gas Development Company Limited (OGDCL) is Pakistan’s largest exploration and ... Read More Details

8 General Knowledge MCQs

Which country is landlocked between China and Russia?

  • Iran
  • Canada
  • Mongolia
  • Pakistan
0 Comments
Correct Answer: C. Mongolia

Explanation:

Mongolia is the landlocked country situated between China to the south and Russia to the ... Read More Details

9 General Knowledge MCQs

Where is the island Corsica located?

  • Red Sea
  • Mediterranean Sea
  • Indian Ocean
  • Dead Sea
0 Comments
Correct Answer: B. Mediterranean Sea

Explanation:

Corsica is an island located in the Mediterranean Sea, and it is a territorial collectivity ... Read More Details

10 General Knowledge MCQs

On 15th August, which country or countries celebrate their Independence Day?

  • South Korea
  • India
  • Congo
  • All of the Above
0 Comments
Correct Answer: D. All of the Above

Explanation:

15th August is a historically significant date because multiple countries celebrate their Independence Day on ... Read More Details