Question # 1

Over draft facility is only provided on:

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Current account

Fixed deposit

Saving account

All of the above

Which of the following is a limitation in credit creation

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Initial deposit

Use of cheques

Use of currency

All of these

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

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Short term loan

Medium term loan

Long term loan

All of the above

Current account is suitable for

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Capitalists

Salaried persons

Business community

None of the above

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

Commercial bank is called:

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Banker's bank

Bank of public

Custodian of foreign exchange

Banker to the Government

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

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

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

If a credit card is lost, what should the holder do.

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Report to employer

Report to bank

Report to insurance co.

All the above

The part of deposits kept with the central bank is called:

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Cash reserve

Margin

Interest rate

All of the above

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

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