Question # 1

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

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

Which of the following changes cause to change in foreign exchange rate

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Change in export and imports

Change in capital flow

Change in bank rate

All the above

Bill in which drawer belonging to two different countries:

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Inland bill

Foreign bill

Accommodation bill

None of the above

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

Trade related Islamic modes of financing do not include

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Musharika

Mark up

Leasing

Hire-purchase

The Kiind of non commercial letter of credit includes.

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Traveler L.C.

Circular note

Credit card

All of these

The higer the cash reserve ratio.

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Credit creation zero

Credit creation constant

Higher the credit creation

Lower the credit creation

When was the "Reserve Bank of India" established:

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1925

1935

1940

1945

The various kinds of exchange rate includes.

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Official rate

Spot rate

Forward rate

All of these

Whose role is consitered important in the beginning of cheque:

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Three

Merchants

Goldsmiths

Money lenders

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

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