Question # 1

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

Qarz-Hasna is available for the studies of

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Engineering

Agriculture

Commerce

All the above

The money market deals in.

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promissory note

Bill of exchange

Treasury billss

All of these

What is the number of members in the management body of ZTBL

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5

8

10

12

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

The rate of exchange determined by two countries following non-convertible paper currency system is a point where

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The purchasing power of currency is same

The purchasing power of currency is different

The purchasing power of currency is zero

None of the above

Customer can withdraw money only after the expiry of fixed time

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From saving account

From current account

From fixed deposit

From all the above

Up to December 1965, Pakistan used method of note issue.

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Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

Which of the following terms is used regarding the confirmation of death of bank customer

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Stopped account

Cancelled account

Deceased account

Closed account

Non -Scheduled bank menas a bank which is not registred with.

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Stock Exchange

World Bank

Central Bank

Scheduled bank

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

Which of the following parties of a letter of credit is called beneficiary

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Importer

Exporter

Opening bank

Advising bank

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

A form of written agreement between bank and customer is

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Cheque book

Pass book

Application form for opening account

None of the above

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

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