Question # 1

Popular types of loan issued by the bank according to term are

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Two

Three

Four

Five

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

How many benefits of bankers

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4

5

6

7

Electronic banking transaction Ordinance is.

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1974

2002

1984

1962

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

Nature of Bank Accounts also help in determining the ratio of.

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Cash Reserve

Capital

Partnership

None of these

Bank pays money at its counter for:

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Bearer cheque

Order cheque

Both (A) & (B)

Crossed cheque

Central Bank provide the facility to Scheduled Banks.

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Rediscounting Bills

Clearing House

Transfer of Money

All the above

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

Which of the following relationships occurs if a customer deposits his money in a bank

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Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

Whose role is consitered important in the beginning of cheque:

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Three

Merchants

Goldsmiths

Money lenders

The currency unit of the capital of IDB is

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Riyal

Dollar

Dinar

None of these

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

The main purpose of commercial bank is.

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Walfare

Issue notes

Earn Profits

All these

Bank draft is an order

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Of court

Conditional

Unconditional

Of government

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

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