Question # 1

In these days Banks are formed under companies ordinance.

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1962

1932

1984

1013

Which of the following institution was converted into IDBP:

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Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

the precautions while advancing loan by bank are.

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Safety of loan

Durable security

Liquidity

All the above

For customer Money deposited int Bank is.

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Liability

Asset

Saving and Asset

Expense

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:

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Resolving

Back to Back

Transferable

None of the above

Where are the stock certificates sold and bought

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At commercial bank

At central bank

At post office

At stock exchange

Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods

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Documentary letter of credit

Green-clause letter of credit

Confirmed letter of credit

Red-clause letter of credit

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

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Money Lenders

gold smiths

Money changers

Merchants

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

Deposits create

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Inflation

Loan

Monopoly

All the above

Any Co.which transact the business of banking in Pakistan.

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Chartered co.

Joint stock co.

Banking co.

All of these

The number of financial institutions in money is

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Limited

Fixed

Unlimited

All are possible

The loan against which no security is kept by bank are.

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Secured loans

Unsecured loans

Demand loans

None of these

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

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Statement

License

Certificate

All the above

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

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