Question # 1

The documents which present a summary and balance of accounts of an A/C holder in bank.

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Balance sheet

Pass book

Prospectus

Bank Staement

The commercial banks may be:

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Scheduled

Non-scheduled

Foreign

All of the above

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

Which of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

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

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Cash reserve

Margin

Interest rate

All of the above

For commercial banks " Advancing loans' are.

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Assets

Liabilities

Expenses

All of these

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

To make payments of variable amounts to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

Clearing House system

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

Which of the folloiwng is a valid method of receivig payment from debtors.

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Debit card

Credit card

ATM card

Cash

United Bank Ltd. was formed on.

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1959

1949

1694

1957

Which is the Primary functionof a commercial bank.

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Issue Notes

Accepting Deposits

Credit creation

None of these

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

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

Process of credit creation by

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Central bank

Commercial banks

Both of these

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

Commercial bank can be

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Scheduled

Foreign

Non Sheduled

All these

The life blood of acomemrcial bank.

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Deposits

With drawals

Liabilities

All these

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

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

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