Question # 1

Bank of England was established in.

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1494

1694

1920

1668

Amount of crossed cheque is recieved:

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From bank's counter

Issueing new cheque

From bank's manager

None of the above

The money market deals in.

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promissory note

Bill of exchange

Treasury billss

All of these

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

Which of the following is a limitation in credit creation.

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Initial deposit

Use of cheques

Use currency

all of these

Most of the experts agreed that the word "Bank" has been derived from the word.

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Banque

Banco

Bancus

Back

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

In case of non-negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

What is meant by margin requirement

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To advance loan less than the value of security

To give less amount as interest than the amount of loan

To advance more loan than the value of security

To advance loan equal to the value of security

Which of the following functions is performed by commercial bank

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Issuance of currency notes

Credit creation

Rediscounting of bills

Preparation of monetary policy

The life blood of acomemrcial bank.

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Deposits

With drawals

Liabilities

All these

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

Stock exchange marketin Pakistan.

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LSE

KSE

ISE

All of these

Which Fiqah does allow the deduction of Zakat in the application form of account opening

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Hindu

Shia

Sunni

None of the above

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

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Section 38

Section 33

Section 37

Section 40

When was the process of Islamization of banking started in Pakistan

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1977

1980

1982

The numebr of parties in a cheque are.

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Two

Five

Four

Three

The word Bank has been derived from the German word

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Back

Bancus

Banco

None of the above

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

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