Question # 1

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

Which form of automated payment would be better in paying wages to employee

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BACS

Standing order

Direct Debit

Credit transfer

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

In case of non-negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Scheduled banks means a bank which is registered with

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Stock exchange

Central bank

World bank

All of the above

To meet the modern banking transactions Requirements SBP introduced.

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E- Banking

Islamic Banking

Office banking

All of these

The other name of cash credit is.

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Overdraft

Cash finance

Runnign finance

None of these

Which of the following gets facility due to commercial letter of credit:

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Home traders

Exporter

Importer

Both exporter and importer

Bill in which drawer belonging to two different countries:

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Inland bill

Foreign bill

Accommodation bill

None of the above

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

What % of shares of IDBP was held by the Govt. at the time of its establishment:

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49%

50%

51%

55%

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

On every cheque bank gets

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Profit

Commission

Tax

Duty

Who was the founder of commercial bank

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Goldsmiths

Merchants

Money lenders

All the above

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

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