Question # 1

The demand for and supply of foreign exchange is regulated by.

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Central bank

World bank

Commercial bank

All of these

What is the nature of credit instrument IOU

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An autograph

A monograph

A holograph

A sonograph

The temples were used as banks in:

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Italy

Rome

China

Greece

A cheque which can be cashed by its holder

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Bearer

Order

Crossed

Plain

Clubs, cooperative societies, and associations etc. are entitled as following concern

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Partnership

Non-trading

Trading

All the above

The first Pakitan Note es were issued in the denomination of.

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Rs. 5

Rs. 10

Rs.100

All of these

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

Paying bank with respect to a letter of credit is called.

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Advising bank

Informatory bank

Both these

None of these

Qualitative methods are control over.

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Currency

Govt

Banks

Public

Market for shor term loans.

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Money market

Capital market

Open market

All of these

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

The central bank works under the rules framed by:

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Government

People

Different banks

All of the above

The money deposited in the bank is considered by a customer as

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Asset

Liability

Investment

Saving

The Lady Phd.Governors of State Bank of Paksitan inclued.

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M. Yaqoob

Ishrat Hussain

Shamshad Akhtar

All of these

In Case of Fixed Deposit the rate of intrest is.

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Constant

High

Low

None of these

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

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