Question # 1

The loan given against some security are known as.

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Unsecured loans

Demand loans

Secured loans

All the above

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

Normally bank does not pay intrest on

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Saving Account

Fixed Deposit Account

Current Account

B.B.A. Account

The person who accepts the bill of exchang is.

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Debtor

Drawer

Payee

None of these

The facilities provide d by ATM machine includes

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Mini Statement

Transfer funds

Balace inquiry

All of these

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

Formula for calculating total credit creation:

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New deposit x 1/Reserve ratio

New deposit x Reserve ratio/1

Reserve ratio x 1/New deposit

None of the above

Electronic banking transaction Ordinance is.

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1974

2002

1984

1962

The person who accept the of billof excange on behalf of drawee is called.

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Debtor

Payee

Drawee

Acceptor

Margin means the difference between amount of loan and.

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Value of overdraft

Market value

Value of security

None of these

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

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