Question # 1

List of Directors is required at the stage of.

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Registration

Incorporation

Promotion

Commencement

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

The draft which is drawn and paid in two different countries.

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Inland draft

Ordered draft

Foreign draft

Home draft

If drawing of a cheque signs o its back for transferring the rights to another person is called

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Material change

Endorsement

Crossing

Acceptance

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

Decreas in cash reserve ratio of scheduled Banks.

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No effect

Decrease in credit creation

Increase in credit creation

Stope credit creation

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

When ADFC came into existence

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1951

1961

1965

1970

In Pakistan "ATM' was first of an introduced Ltd.

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Habib Bnak Ltd.

Allied Bank Ltd.

Muslim Commercial Bank Ltd.

National Bank of Pakistan.

Features of I.O.U. are

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Written form

Evidence of debt

Fixed amount

All of these

Foreign exchange control reduces the

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Circulation of capital

Export of capital

Import of capital

None of the above

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

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

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

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