Question # 1

What is the purpose of monetary policy

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To control banking system

To control supply of money

To control foreign exchange

To control stock market

Due to good Banking system which sector showed Rapid growth.

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Agriculture sector

Industiral sector

Banking Sector

All of these

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

The demand for foreign exchange comes when.

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Purchases of foreign securites

Students go abroad

Goods are imported

All of these

Normally bank does not pay intrest on

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Saving Account

Fixed Deposit Account

Current Account

B.B.A. Account

A commercial bank keeps less cash reserve if:

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Cheque is used in most of the transactions

Cheque house facilty is available

Rediscounting facility is available

All of the above

The number of financial institutions in money is

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Limited

Fixed

Unlimited

All are possible

How many benefits of customers

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5

6

7

8

In L.C. the other name of importer's bank is.

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Buyer bank

Opening bank

Issuing bank

All of these

What is the major reason of Pakistan's unorganized money market

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Lack of cooperation among financial institutions

Absence of democracy

Issuance of loan on political basis

All the above

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

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 loans on which high rate of interest is charged :

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Medium term loans

Long term loans

Short term loans

Demand loans

Which of the following gets facility due to commercial letter of credit:

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Home traders

Exporter

Importer

Both exporter and importer

Stock exchange marketin Pakistan.

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LSE

KSE

ISE

All of these

Long term is advanced against the following security:

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Non-material

Material

Personal

All of the above

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

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