Question # 1

The loans which are issued for the period of one to five year called

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Demand loans

Short term loans

Medium term loans

Long term loans

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

Deposits create

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Inflation

Loan

Monopoly

All the above

The following is not used in E-Banking

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Credit card

Debit card

Cheque

All the above

Running Finance is also known as.

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Saving Account

Current Account

Overdraft

Fixed Account

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All the above

Which document does reveal the internal affairs of a bank

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

Documents required to conert non scheduled bank into scheduled bank.

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Memorandum of Association

Articles of Association

Audited Annual Report

All the above

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

The document by which the people are invited to buy the shares of bank is called

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Account payee only in the transverse parallel line.

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Bearer cheque

Special crossing

General crossing

None of these

The advantages of E-Banking are.

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Time saving

No need to carry cash

Facility of BACS

All of these

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

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