Question # 1

Commercial bank advises its customers on

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Household matters

Financial matters

Political matters

All the above

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

The documents which present a summary and balance of accounts of an A/C holder in bank.

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Balance sheet

Pass book

Prospectus

Bank Staement

Which bank does keep the precious articles of public into its custody

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Central bank

Industrial bank

Commercial bank

None of these

Which bank does accept the deposits from public

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Commercial bank

Central bank

Foreign exchange bank

All the above

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

The loan which can be demanded by bank at anytime:

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Overdraft

Demand loans

Bills of exchange

All of the above

In Pakistan the bank nationalized Act is.

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Act 1956

Act 1932

Act 1962

Act 1974

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

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

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Short term loan

Medium term loan

Long term loan

All of the above

Which of the folloiwng is a valid method of receivig payment from debtors.

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Debit card

Credit card

ATM card

Cash

Which is the Primary functionof a commercial bank.

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Issue Notes

Accepting Deposits

Credit creation

None of these

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

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

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

For commercial baks deposits are.

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Assets

Liabilities

Income

Expense

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

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