Quiz  /  Commercial Banks Class 9 MCQ Questions With Answers

  • 1. 
    What is likely to happen when the rate of interest increases?

  • A
  • B
  • C
  • D

  • 2. 
    Firms do not have to pay back the money that they raise through the sale of shares...

  • True
  • False

  • 3. 
    Which of the following best describes an investment bank...

  • These banks specialise in helping large business organisations to raise finance to fund their operations and expansion, usually through helping them to issue an sell stocks and shares on the stock market.
  • These are also known as savings and loans associations or building societies.
  • This is a co-operative, not-for-profit organisation, owned by and for its members. They provide low cost loans for people on low incomes.
  • This type of bank offers services based on the principles of Sharia Law which forbids interest charges and payments.

  • 4. 
    A deposit account is best described as...

  • A current account, savings account or another type of bank account which allows money to be deposited and withdrawn by the account holder.
  • A safe place to store you savings
  • Used by people for everyday transactions
  • An account where customers can go overdrawn on the amount they hold in it

  • 5. 
    The market value of all share or equity issued by a company is called it's...

  • Money for Investment
  • Return on Capital
  • Total Equity
  • Market Capitalisation

  • 6. 
    Credit Unions

  • These banks specialise in helping large business organisations to raise finance to fund their operations and expansion, usually through helping them to issue an sell stocks and shares on the stock market.
  • These are also known as savings and loans associations or building societies.
  • This is a co-operative, not-for-profit organisation, owned by and for its members. They provide low cost loans for people on low incomes.
  • This type of bank offers services based on the principles of Sharia Law which forbids interest charges and payments.

  • 7. 
    Which is the best description of a 'money market'

  • Made up of all those people and organisations who want money and all the people and organisations who are willing and able to supply money.
  • Any place where buyers and sellers come together.
  • The money used to pay for goods and services
  • A bank at which people can open an account at.

  • 8. 
    Businesses and organisations which specialise in providing services such providing easy ways to make payment and store money are best described as 'financial institutions'.

  • True
  • False

  • 9. 
    How much money will I have after the 3rd year of this investment?

  • £5500
  • £6500
  • £6050
  • £6655

  • 10. 
    The largest stock exchange in the world is...

  • LSE
  • Korea Exchange
  • Shanghai Stock Exchange
  • NYSE

  • 11. 
    Which pair of economic institutions can be found in a market economy

  • A
  • B
  • C
  • D

  • 12. 
    Governments can raise money to finance public spending through the sale of...

  • James
  • Bonds
  • Shares
  • Stocks

  • 13. 
    The majority of sales on a stock exchange are of stocks that are being resold subsequent times after their very first purchase...

  • True
  • False

  • 14. 
    How much would I pay back in total for this loan?

  • £5788.13
  • £5512.50
  • £5250
  • £788.13

  • 15. 
    Interest is...

  • A reward for saving and a reward for borrowing
  • A cost of saving and a reward for borrowing
  • A cost of borrowing and a cost of saving
  • A reward for saving and a cost of borrowing

  • 16. 
    Which statement about financial matters is correct?

  • A
  • B
  • C
  • D
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