Question # 1

The change in demand and supply of foreign currency effects

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Exchange rate

Traveller's L.C

Letter of credit

None of these

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

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

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Banque

Banco

Bancus

Back

Which is the quantitative method of credit control

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Change in reserve ratio

Change in margin requirement

Selective control

Publicity

No minimum balance limit requried in.

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Current Account

Saving Account

Foreign Account

B.B.A Account

Money Lenders usually known as.

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Sheikh

Nawab

Seth

Debtors

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

For selling shares Bank issues

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Tickets

Prospectus

Certificate

Tokens

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Pass Book is nto issued in.

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Saving Account

Fixed Deposit Account

BBA Account

Current Account

The detail in the memorandum of bank is recorded :

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In one paragraph

In seperate paragraphs

On one page

All of the above

Which function does a central bank not perform

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Credit creation

Advancing loans

Lender of last resort

Banker of the public

The money sent through post office from one country to another

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Traveller's cheque

Bank draft

Letter of credit

International money order

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

The products of E-Banking are.

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ATM cards

Credit cards

Debt cards

All of these

Banking companies ordinace is

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1962

1984

1932

1694

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

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