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Profit and loss-sharing is an element of this system:

A.	Islamic	B.	Capitalistic
C.	Socialistic	D.	None of these

Cash cannot be obtained from bank against:

A.	Cross cheque	B.	Order cheque
C.	Bearer cheque	D.	Traveller cheque

Commercial banks accept deposits and provide:

A.	Money	B.	Cheque
C.	Loans	D.	Bill of exchange

The banks can give loans:

A.	Unlimited	B.	Equal to deposits
C.	Less than deposits	D.	More than deposits

Banks discount it and advance loans:

A.	Draft	B.	Bill of exchange
C.	Pay order	D.	Good

Banks prepare their balance sheet:

A.	Weekly	B.	Monthly
C.	Quarterly	D.	Annually

Balance sheet of a bank has two parts:

A.	Supply and demand for deposits	B.	Supply and demand of advances
C.	Assets and liabilities	D.	Cash reserves and loans

When banks prepare their balance sheets, they show the money lent in:

A.	Liabilities	B.	Assets
C.	Both assets and liabilities	D.	None of these

The power of a bank to create credit is affected by:

A.	The cash reserve requirement	B.	The amount of cash available
C.	The number of branches of a bank	D.	Both (a) & (b)

10.

Demand deposits are:

A.	Bank notes	B.	Money (they can be used to make payments)
C.	Considered as near money	D.	Legal money