Question # 1

Which method is mostly used in making foreign payment

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Foreign bills of exchange

By post

By telegraph

None of these

What is the objective of clearing house

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To control credit money

To clear the transactions of different banks

Training of banking staff

Re-discounting of bills

PICIC was established as

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Private company

Limited company

Partnership

None of the above

Cheque is always payable on.

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Phone call

At sight

After banking hour

On demand

What is necessary to continue or keep an account with the bank

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Introductory preference

Minimum required balance

Phone number

Political stability

Parties involvedin money order.

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Two

Three

Four

Five

The market where foreign moneys are bought and sold is.

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Stock market

Foreign exchang markets

Open market

None of these

The main content sof bank draft.

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bank branch

Payee

Date

All of these

The banks under special ordinance are formed:

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By the president of any bank

By the president of world bank

By the president of a country

All of the above

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

Upper specie point is got by adding the delivery charges in following metal

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Silver

Gold

Iron

Copper

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

All of the above

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