Question # 1

In an organized money market the interest rate is.

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Less

More

Uniform

All these

The goods or items accepted as security for advancing loan should not be:

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Durable

Insured

Under burden

Liquid

Credit money in the country is controlled by

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Central bank

Commercial bank

Industrial bank

Agricultural bank

The person in whose favour the rights of recieving the amount of cheque transferred:

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Endorser

Payee

Endorsee

All of the above

Due to good Banking system which sector showed Rapid growth.

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Agriculture sector

Industiral sector

Banking Sector

All of these

Important source of income for Bank.

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Deposits

Current Account

Saving account

Issued loans

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

Which of the following parties of a letter of credit is called beneficiary

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Importer

Exporter

Opening bank

Advising bank

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

Which of the following is useful in facilitating trade relation between the businessmen of different countries

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Bank draft

Money order

Letter of credit

Stock certificate

The bills of exchange which is paid after the expiry of fixed period of time called

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Accommodation bill

Sight bill

Time bill

All of the above

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

When were the Pakistani banks nationalized:

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1974

1984

1990

1994

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

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