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Non-state institutions part 01

Total questions: 5

Worksheet time: 3mins

Name
Class
Date
1.

What function is also called the non banking functions?

a)

Secondary Functions

b)

Primary functions

c)

General utility functions

2.

What are the three principal bodies responsible for regulating international economic affairs?

a)

World bank, international monetary fund (IMF), world trade organization (WTO)

b)

European Central Bank (ECB), International Telecommunication Union (ITU), International Labour Organization (ILO)

c)

Bank for International Settlements (BIS), Paris 21 (P21), United Nations Statistics Division (UNSD)

3.

what is the importance of knowing the primary functions in banking?

a)

To be able to choose which type of section/ category you can use in your situation or what is knnknq need based on your state right now.

b)

You can use it when you want to open a business or want to have a partnership with a bank.

c)

To be able to know what is your specific type of needs to choose and to help someone who knows nothing when it comes to cycle of the transaction in a bank.

d)

All of the above

4.

What is the most common form of business organization?

a)

Cooperative

b)

Corporation

c)

Trade union

5.

What do we call the process of becoming a corporation?

a)

earnings per share

b)

Assets

c)

Incorporation