Question # 1

Which form of automated payment would be better in paying wages to employee

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BACS

Standing order

Direct Debit

Credit transfer

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

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

In the Presence of Clearing House Scheduled Banks keeps.

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Less Cash Reserve

More Cash Reserve

No cash reserve

Fixed cash reserved

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

Scheduled Bank Can be registered under SBP Act.

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1956 Sec. 38 (1)

1957 Sec. 37 (1)

1956 Sec. 137 (1)

1956 Sec. 43(1)

Important functions of a central bank:

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To issue currency notes

To provide banking facilities to government

To advise commercial banks

All of the above

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

Scheduled bank is bound to keep with the Country.

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80% of Total Assets

60% of Total Assets

40% Total Assets

20% Total Assets

Qualitative methods of monetary policy do not include:

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Direct actions

Publicity

Bank rate policy

Moral pursuation

Participation term certificates are issued in place of.

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Shares

Debentures

NIT Units

All these

When was the first central bank of sub-continent established:

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1635

1732

1835

1935

Non -Scheduled bank menas a bank which is not registred with.

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Stock Exchange

World Bank

Central Bank

Scheduled bank

If the quatity of money in circulation increases then this situation is called:

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Inflation

Deflation

Money market

All of the above

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Principles of Banking Icom Part 2 English Medium Chapter 4 Online Test MCQs With Answers

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