Question # 1

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

Bank is bound to honour the cheque of customer if:

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Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

The detail in the memorandum of bank is recorded :

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In one paragraph

In seperate paragraphs

On one page

All of the above

In Pakistan "ATM' was first of an introduced Ltd.

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Habib Bnak Ltd.

Allied Bank Ltd.

Muslim Commercial Bank Ltd.

National Bank of Pakistan.

What type of institution a bank is:

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Financial

Social

Religious

All of the above

Qualitative methods are control over.

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Currency

Govt

Banks

Public

Term dishonoring of cheque is used when

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Bank refuses to pay

Bank stops the payments

Bank delay the payments

Bank gives cheque to clearing house

Which of the following is an order of payment by one post office for another post office

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Postal order

Money order

Both a and b

None of these

When a person deposits money in a bank, it is the beginning of

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Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

The method which is mostly use in making foreign payments are.

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Telegraphic transfer

Foreign bill of exchange

By post

All of these

When a bank accepts real estate as security by way of mortgage then it is called

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Aamal

Zarib

Mortgager

Mortgagee

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

The banks under special ordinance are formed:

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By the president of any bank

By the president of world bank

By the president of a country

All of the above

The temples were used as banks in:

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Italy

Rome

China

Greece

The market in which funds are borrowed of lent for a period of over one year.

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Money market

Capital market

Open market

None of these

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

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

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