Question # 1

Bank of England was established in.

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1494

1694

1920

1668

Foreign exchange control reduces the

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Circulation of capital

Export of capital

Import of capital

None of the above

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All the above

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

Transfer of money from one palce to another place with the help of post office.

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Cheque

Draft

Money order

None of these

Which term is used in connection with monetary policy

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Bank rate

Exchange rate

Wage rate

Market rate

Certain Percentage of Gold to issue currency notes.

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Fixed Fiduciary method

Proportionate Reserve

Min. Reserve system

None of these

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

Bank is asked to take care the property of his clinet is called.

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Bailee

Pawnee

Mortagagee

Trustee

According to Sir John Paget, a bank is an institution which :

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Accepts the deposits of general public

Honours the cheques

Advances loan

All of the above

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

Market for shor term loans.

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Money market

Capital market

Open market

All of these

Increase in ratio of cash reserve of scheduled banks.

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Increase of credit creation

Stop credit creation

Decreased in credit creation

None of these

Content of money order includes.

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Fixed amount

Non transferable

Identification

All of these

In the presence of cleairng house the use of cash transactions between banks

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Increases

Decreases

Stops

NO effect

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