Question # 1

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

Which 0f the following is the objective of central bank.

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Economic Development

Helping govt.

Welfare of Economy

All the above

When a person deposits money in a bank, it is the beginning of

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Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

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

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Money Lenders

gold smiths

Money changers

Merchants

Scheduled banks means a bank which is registered with

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Stock exchange

Central bank

World bank

All of the above

Minor person of a bank is one who is below.

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15 years

16 years

18 years

17 years

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

The capital of stat bank of the time of establishment was.

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Rs. 30 millions

Rs. 450 milliions

Rs.300 millions

Rs. 30 billions

If credit money is controlled by the sale and purchase of government securities, it is called

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Direct action

Moral persuation

Change in reserve ration

Open market operation

When was the "Reserve Bank of India" established:

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1925

1935

1940

1945

State Bank of Pakistan can also be called as.

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Central Bank

Reserve Bank

Monetary Authority

All the above

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

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