Question # 1

If a credit is lost, what shuld the holder do.

Choose an answer

Report to employer

report to bank

Reort to insurance co.

All the above

The Kiind of non commercial letter of credit includes.

Choose an answer

Traveler L.C.

Circular note

Credit card

All of these

What is the purpose of monetary policy

Choose an answer

To control banking system

To control supply of money

To control foreign exchange

To control stock market

Features of I.O.U. are

Choose an answer

Written form

Evidence of debt

Fixed amount

All of these

An unconditional order of payment by one bank to another bank.

Choose an answer

Bill of exchage

Promissory note

Draft

None of these

What is the example of non scheduled bank

Choose an answer

Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

The word L.C stand for.

Choose an answer

Long credit

Less credit

Letter of credit

None of these

Current account is suitable for

Choose an answer

Capitalists

Salaried persons

Business community

None of the above

Which term is used in connection with monetary policy

Choose an answer

Bank rate

Exchange rate

Wage rate

Market rate

What percentage of total assets a scheduled bank is bound to keep within the country

Choose an answer

60%

70%

80%

90%

Which of the following industry is financed by PICIC

Choose an answer

Depends upon local raw material

Manufactures export goods

Establishes under national development program

All the above

Memorandum includes

Choose an answer

05 Clasuses

06 Clauses

10 Clauses

12 Clauses

In case of mortage, the property remains in the possession of:

Choose an answer

Lender (creditors)

Borrower (debtors)

The government

All of the above

Maintenance of minimum balance is not required in

Choose an answer

Current account

Basic banking account

Saving account

None of these

Second stage of formation of bank is called.

Choose an answer

Incorporation

Commencement

Issue of shares

Promotion

Commercial Bank is a factory of creating credit.

Choose an answer

Crowther

Gilbert

Reynold

H.I.Heart

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer