Question # 1

Which function does a central bank not perform

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Credit creation

Advancing loans

Lender of last resort

Banker of the public

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 price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

IDB provides finance to

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All countries

Asian countries

Europian countries

Member Muslim Countries

Documents of title to goods includes.

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Dock warrant

Bill of lading

Delivery order

All the above

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

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Statement

License

Certificate

All the above

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

Decrease in the value of home currency as compare to foreign currency.

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Inflation

Devalution

Deflation

All these

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

Where is the head office of ZTBL

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Karachi

Lahore

Peshawar

Islamabad

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

Term "or oreder" is written in order cheque after:

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Drawer's name

Payee's name

Customer's name

Endorsee's name

Investiment trusts and finance houses.

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As open market

Money market

Capital market

None of these

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

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

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