MGT604 Final Term Quiz 3 July 2023 by Miss Mehwish

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Q1. The common characteristics of open-ended and closed-ended is: Options:

1. Shares of both are traded in stock exchange.
2. Both are responsible to buy back their shares.
3. Both are just like joint stock companies.
4. Both are managed by investment companies.

Correct option: a) Shares of both are traded in stock exchange.

Q2. Mr. A wants to start a small size business unit in his own village, for this purpose he will apply for which type of loan?

1. Auto loan
2. Business finance loan
3. None of the given options
4. Mortgage loan

Correct option: b) Business finance loan

Q3. ICP is controlled under which of the following sector?

1. Semi government
2. Private
3. Government
4. Public

Correct option: c) Government

Q4. Which of the following is the type of mutual fund that invests its assets only in the most liquid money instruments?

1. Money market funds
2. Income funds
3. Growth & Income funds
4. Income & Growth funds

Correct option: a) Money market funds

Q5. Which of the following parties is NOT involved in the demand draft procedure? Options:

1. Issuing Bank
2. Payee Bank
3. Purchaser
4. Credit department

Correct option: d) Credit department

Q6. In some countries, time deposit is also known as which of the following? Options:

1. Flat deposit
2. Promotional deposit
3. Term deposit
4. Fixed deposit

Correct option: d) Fixed deposit

Q7. To transfer funds in coded language, which of the following means is used by the banks? Options:

1. Online fund transfer
2. Telegraphic transfer
3. Demand draft
4. Pay order

Correct option: b) Telegraphic transfer

Q8. Which area of the banks has been neglected while making reforms? Options:

1. Payment system
2. Human resource
3. E-banking