Question # 1

The bank of charges interest on.

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Deposits

Overdraft

Running finace

Both b and c

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

The demand for and supply of foreign exchange is regulated by.

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Central bank

World bank

Commercial bank

All of these

List of Directors is required at the stage of.

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Registration

Incorporation

Promotion

Commencement

It is necessary for scheduled bank to

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Act on the instructions of central bank

Submit report to central bank

Get the books checked

Al the above

What type of account is preferred by a businessman

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Saving account

Fixed deposits

Current account

Foreign currency account

When was the National Bank Of Pkaistan established:

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1948

1949

1950

1951

Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank

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Prospectus of bank

Copy of bye-laws

Audited annual report of bank

Certificate of incorporation

Credit Card, ATM card and Debit Card are.

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Metallic money

Paper Money

Plastic Money

Bank Money

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

A person who writes the bill is called

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Drawee

Drawer

Payee

Acceptor

I Owe You is a written instrument drawn by

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Trader

Debtor

Creditor

All the above

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

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