Question # 1

Main parties in bill of exchang are.

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Three

Two

Four

Five

How many institutions in money market in Pakistan

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7

8

9

10

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

Bank of England was formed in:

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1594

1694

1794

1894

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

The bills of exchange which is paid after the expiry of fixed period of time called

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Accommodation bill

Sight bill

Time bill

All of the above

Exchange banks are commonly known as.

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Foreign bank

Central bank

Consortium Bank

None of these

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

In the Presence of Clearing House Scheduled Banks keeps.

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Less Cash Reserve

More Cash Reserve

No cash reserve

Fixed cash reserved

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

The supply of foreign exchange arises when.

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Goods are exported

Students comes of country

Sale of Foreign securities

All of these

The bill of exchange who's tenor is more than three month is.

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Sight bill of exchange

Foreign bill exchnage

Long bill exchange

Short billof exchange

What is recieved by the post office on money order:

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Profit

Interest

Commision

All of the above

The facilities provide d by ATM machine includes

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Mini Statement

Transfer funds

Balace inquiry

All of these

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

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

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