Question # 1

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

Account suitbale for business woman.

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Current account

Saving account

Fixed deposit account

None of these

What is the name of central bank of Pakistan

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State Bank of Pakistan

National Bank of Pakistan

Bank of Pakistan

Habib Bank Limited

Open market operation means.

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Purchase and sale of shares

Purchases and sale of securities

Purchase and sale of assets

None of these

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

The loan given against some security are known as.

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Unsecured loans

Demand loans

Secured loans

All the above

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

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

The more increase in exchange rate for a country under gold standard is called

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Lower specie point

Middle specie point

Upper specie point

None of the above

A cheque which cannot be cashed at bank's counter

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Bearer

Order

Crossed

None of the above

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

In Pakistan, the interest free modes of financing have been divided into

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Two groups

Three groups

Four groups

None of these

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

The loans obtained for meeting the administrative expenses and purchase of raw material are:

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Short term loans

Medium Term lonas

Long Term lonas

All of the above

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

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