Question # 1

The primary objective of a central bank is to

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Earn profit

Advance loans to traders

Safeguard the national interest

All of the above

Drawee of bank draft is.

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Creditor

Debtor

Issuing bank

Paying bank

The rate which keeps the balance of payment in equilibrium.

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Equilibrium rate

Foreign exchange rate

Currency Rate

Dollar rate

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

Which one is the primary function of a bank

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Accepting deposits

Advancing loans

Both these

None of these

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Essentials of successfl banking.

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Large capital

Secured loans

Inflation

Both of these

Transfer of money from one palce to another place with the help of post office.

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Cheque

Draft

Money order

None of these

Which one is the Secondary function commercial bank.

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Accept deposits

Advance loans

Collections of cheques

All these

Person having an account with a bank or having some similar relation with the bank is called

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Owner

Debtor

Consumer

Customer

Institutions of money market in Pakistan.

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Central Bank

Commercial Bank

Specialized institutions

All of these

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

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

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