Question # 1

I.O.U. Is a credit instrument.

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Negotiable

Non Negotiable

Partial Negotiable

Conditional negotiable

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

Bank of England was established in.

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1494

1694

1920

1668

The temples were used as banks in:

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Italy

Rome

China

Greece

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

What is necessary to withdraw money through ATM

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I.D. card

Cheque

Pin code

None of these

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

Where is the head office of IDBP:

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Lahore

Faisalabad

Islamabad

Karachi

The bank of charges interest on.

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Deposits

Overdraft

Running finace

Both b and c

The relation ship between Cash Reserve and credit creation is.

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No relationship

Direct

Inverse

One way

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

The rate at which commercial banks and centrla bank buys and sells foreign currency.

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Bank Rate

Inter Bank rate

Intrest rate

Discount rate

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

For its customers a commercial bank sells and buys:

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Foreign exchange

Property

Securities

All of the above

Running finance means customer has balance at bank.

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Debit Balance

Credit Balance

Favorable balance

None of these

Begining of Bank draft by.

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Kings

Money Lenders

Merchants

Gold smith

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

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