Question # 1

The Weapons of Monetary policy are.

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Two

Three

Four

Five

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

Pay-in-slip is a written evidence of:

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Transferring money

Depositing money

With draw money

All of the above

The loans which are issued for the period of one to five year called

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Demand loans

Short term loans

Medium term loans

Long term loans

Most of the experts agreed that the word "Bank" has been derived from the word.

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Banque

Banco

Bancus

Back

Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank

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Prospectus of bank

Copy of bye-laws

Audited annual report of bank

Certificate of incorporation

The automatic delivery of banking products and services to customers through interactive electronic communication is called

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E banking

Electronic banking

Both a and b

None of these

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

Negotiable credit instrument do not include.

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Bank draft

Cheque

Postal orders

Treasury bill

What kinds of business does a commercial bank do

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Accepts deposits and advances loans

Issues currency notes

Re-discounts the bills of exchange

All the above

Central Bank provide the facility to Scheduled Banks.

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Rediscounting Bills

Clearing House

Transfer of Money

All the above

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

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

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

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

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