Question # 1

Qualitative methods of monetary policy do not include:

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Direct actions

Publicity

Bank rate policy

Moral pursuation

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

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Section 38

Section 33

Section 37

Section 40

The main characteristics of bank draft.

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Written

On demand

Certain payment

All of these

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

Which of the followign cannot open account in a bank.

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Lunatic

Minor

Parda Nasheen woman

All of these

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

A person who writes the bill is called

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Drawee

Drawer

Payee

Acceptor

The draft having two transvers parallel lines on its face is called.

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Order bank draft

Crossed bank draft

Transvverse draft

All of these

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

Which of the following takes responsibility to manage the property of another

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Trustee

Bailee

Mortgagee

All the above

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

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Partnership

Non-trading

Trading

All the above

Exchange banks are commonly known as.

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Foreign bank

Central bank

Consortium Bank

None of these

Which is appointed by govt. to certify the negotiable instrument:

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Private attorney

Public attorney

Notary public

Giazetted Officer

the nature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

In an organized money market the interest rate is.

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Less

More

Uniform

All these

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

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Reserve capital

Paid up capital

Autherized capital

Issued capital

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

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