Question # 1

To meet the modern banking transactions Requirements SBP introduced.

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E- Banking

Islamic Banking

Office banking

All of these

State Bank of Pakistan Act is.

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1956

1932

1962

1984

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

Bank prefers to advance loan on such documents

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Which are easy to keep

Which are transferable

Whose price can be determined easily

All the above

Credit money in the country is controlled by

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Central bank

Commercial bank

Industrial bank

Agricultural bank

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

The rate which keeps the balance of payment in equilibrium.

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Equilibrium rate

Foreign exchange rate

Currency Rate

Dollar rate

According to registration , bank is divided into followings categories:

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Home and foreign bank

Central and commercial bank

Scheduled and non-scheduled bank

All of the above

An increase in the reseve requirement causes.

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More credit Creation

Less Credit Creation

Stop credit creation

None of these

What is meant by margin requirement

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To advance loan less than the value of security

To give less amount as interest than the amount of loan

To advance more loan than the value of security

To advance loan equal to the value of security

Which of the following is not use to E-Banking .

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ATM card

Credit card

Cheque

Debit cards

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

The document which reveals the ownership of goods kept on port:

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Bill of lading

Dock warrant

Delivery order

Railway receipt

What percentage of total assets a scheduled bank is bound to keep within the country

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60%

70%

80%

90%

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

What is the objective of foreign exchange control

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To stabilize exchange rate

To increase government revenue

Favorable balance of payment

All the above

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