Question # 1

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

Increase in ratio of cash reserve of scheduled banks.

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Increase of credit creation

Stop credit creation

Decreased in credit creation

None of these

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Decreas in cash reserve ratio of scheduled Banks.

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No effect

Decrease in credit creation

Increase in credit creation

Stope credit creation

Polymer Currency includes

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Debit card

ATM card

Credit card

All of these

Which of the following is meant for presenting a summary and balance of accounts of bank customers

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Bank statement

Balance sheet

Pass book

Prospectus

Bank draft is issued by the bank when the debtor and creditor belngs to.

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To differnet citiies/Country

With in same city

Two different families

All these

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

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Principles of Banking ICOM Part 2 English Medium Chapter 2 Online Test MCQs With Answers

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