Question # 1

The first stage or step between importer and exporter for the purpose of sale and purchase is:

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Oath or undertaking

Agreement

Contract with bank

Issuing of L.C

Who started the use of bank draft:

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Kings

Merchants

Money lenders

Goldsmiths

Major function of Central Bank is.

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Open account

Provide lockers

Issue currency notes

All of the above

Which bank account continues after the with drawal of total amount:

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Current saving

Fixed deposit

Saving account

All of the above

The other name of cash credit is.

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Overdraft

Cash finance

Runnign finance

None of these

The important types of banker's letter of credit:

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Two

Three

Four

None of these

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

What is the example of Scheduled bank

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Habib bank Ltd.

Allied bank Ltd. in Pakistan

Both a and b

None of these

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

Amount of crossed cheque is recieved:

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From bank's counter

Issueing new cheque

From bank's manager

None of the above

While depositing money in your a/c , you must use.

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Pay - in slip

Deposit slip

Credit voucher

All 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

Bank draft is an order

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Of court

Conditional

Unconditional

Of government

Why commercial banks keep a certain amount of money as reserve

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Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

Joint Stock Company can open only.

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Fixed deposited account

Saving account

B.B.A . Account

Current account

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

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

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