Question # 1

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

Which of the following institution was working before the establishment of ADBP

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Agricultural development finance corporation

Agricultural development bank

Both a and b

None of the above

Which bank account continues after the with drawal of total amount:

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Current saving

Fixed deposit

Saving account

All of the above

Habib Bank Limited was formed on.

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1941

1931

1951

1961

Which of the following industry is financed by PICIC

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Depends upon local raw material

Manufactures export goods

Establishes under national development program

All the above

Parties involved in postal order

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Two

Three

Four

Five

On every cheque bank gets.

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Tax

Profit

Duty

Commission

State Bank of Paksitan was established on

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1st July 1949

Ist July 1948

Ist July 1694

Ist July 1964

Parties involved in I.O.U

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Three

Four

Two

Five

Who is the leader or supervisor of money market

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Government

Central bank

Commercial bank

Money lender

Formula for calculating total credit creation:

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New deposit x 1/Reserve ratio

New deposit x Reserve ratio/1

Reserve ratio x 1/New deposit

None of the above

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

Who can issue participation term certificates

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Firm

Company

Cooperative society

All the above

Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.

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Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

Main parties of promissory note are

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One

Two

Three

Four

In L.C. the other name of importer's bank is.

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Buyer bank

Opening bank

Issuing bank

All of these

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

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