Question # 1

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

In Case of Fixed Deposit the rate of intrest is.

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Constant

High

Low

None of these

Pass Book is nto issued in.

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Saving Account

Fixed Deposit Account

BBA Account

Current Account

Who does get the benefit of opening an account in bank.

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Bank

Account Holder

Government

All these

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

Account Suitable for businessmen

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Saving account

Fixed Account

PLS account

Current Account

Following is an example of Non-Operating Account.

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Current Account

Fixed Deposit Account

Foreign Currency A/c

Saving Account

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

Which of the following banks performs its functions according to the instructions of central bank

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Foreign bank

Scheduled bank

Non-scheduled bank

All the above

Which of the following Account willbe non -remuneratation account.

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Current account

Saving Account

Fixed Deposit account

B.B.A. Account

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

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Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test MCQs With Answers

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