Question # 1

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

If there is no guarantee to honour a letter of credit then it is called:

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Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

Drawer and payee of inland promissory note belong to

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Same country

Different countries

Different cities

None of the above

The Islamic ideology council presents its formal report for Islamic banking in

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June, 1978

June, 1979

June, 1980

None of these

Written instrument by one bank to another bank.

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Bill of exchange

Draft

Bearer cheque

None of these

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

The rate at which commercial banks and centrla bank buys and sells foreign currency.

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Bank Rate

Inter Bank rate

Intrest rate

Discount rate

Evolutionary history of early banks includes.

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Merechnats

Money Lenders

Gold smiths

All these

The following bank can open its branch in foreign country

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Scheduled bank

Non-scheduled bank

Both a and b

None of the these

Negotiable instruments are defined by Act.

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1881

1857

1694

1935

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

Which bank is called the mother of Central Banks.

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World Bank

Bank of Vence

Royal Bank of Scotland

Bank of England

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

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