Question # 1

Who can issue participation term certificates.

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Firm

Company

Cooperative society

All of these

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

Foreign exchange control reduces the

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Circulation of capital

Export of capital

Import of capital

None of the above

Which one can be crossed :

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Money order

Postal order

Credit card

All of the above

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

Scheduled Banks are registred under state bank act.

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1956

1984

1962

1932

Pass Book is nto issued in.

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Saving Account

Fixed Deposit Account

BBA Account

Current Account

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

Evolutionary history of early banks includes.

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Merechnats

Money Lenders

Gold smiths

All these

Term dishonoring of cheque is used when

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Bank refuses to pay

Bank stops the payments

Bank delay the payments

Bank gives cheque to clearing house

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

The customer who keep his precious articles in bank for safe custody

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Bailer

Creditor

Debtor

Morgagagers

Which principle is followed by central bank to issue currency notes

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Currency principle

Banking principle

Both principle

None of the above

Quality of good security includes.

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Easy salable

Disputed

Source of expense

All these

On which of the following amount of overcraft, bank receives interest:

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Fix

Total

Used

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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