Question # 1

Which institution is not the member of money market

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Commercial bank

Discount houses

HBFC

All the above

Manage the internal affairs of Bank.

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Prospectus

Memorandum

Articles

All of these

The rate which keeps the balance of payment in equilibrium.

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Equilibrium rate

Foreign exchange rate

Currency Rate

Dollar rate

Which of the following relationships occurs if a customer deposits his money in a bank

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Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

Whihc of the following is the most elastic method for issuing notes.

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Fix fiduciary system

Minium Reserve system

Proportional Reserve system

None of these

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

The transmission of following is stopped due to clearing house:

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Credit money

Metallic money

Cash money

All of the above

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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Administrative

Financial

Political

All the above

The part of deposits kept with the central bank is called:

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Cash reserve

Margin

Interest rate

All of the above

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

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Aamal

Zarib

Mortgager

Mortgagee

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

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

The cheque which cannot be cashed on the bank counter.

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Bearer cheque

Crossed cheque

Order cheque

Both bearer and order

IDB was opened on

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Oct. 1973

Oct. 1975

Oct. 1977

None of these

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

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

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