Question # 1

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

The person who opens a bank account is called:

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Owner of bank

Customer of bank

Employee of bank

None of them

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

After 31st Decemebr 1965 Pakistan use

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Min. Reserve system

Fixed Fiduciary system

Proportional Reserve

None of these

In case of inflation in the country, the rate of margin is:

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Increased

Reduced

Waived

All of the above

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

Which instrument is not dealt at stock exchange

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Shares

Debentures

Both a and b

Bills of exchange

Endorser of promissory note is a :

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Person who promises to pay

Person who receives the amount of note

Person in whose favour the rights are transferred

Person who trasfers the rights of note

I.O.U. Is a credit instrument.

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Negotiable

Non Negotiable

Partial Negotiable

Conditional negotiable

Credit Card, ATM card and Debit Card are.

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Metallic money

Paper Money

Plastic Money

Bank Money

Main parties in bill of exchang are.

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Three

Two

Four

Five

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

Negotiable credit instrument.

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Control credit

Stop credit

Create credit

None of these

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

Termination of banker relatinship by the customer due to.

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Change of place

Death of customer

Poor services

All of these

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

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