Question # 1

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

The primary function of commercial bank are

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Accepting deposits

Advancing loans

Both a and b

None of these

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

The kind of commercial letter of credit includes.

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Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

Ribs Bank of Sweden became central bank in:

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1568

1668

1768

None of the above

The transmission of following is stopped due to clearing house:

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Credit money

Metallic money

Cash money

All of the above

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

The bill of exchange who's tenor is less than three month is.

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

The Weapons of Monetary policy are.

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Two

Three

Four

Five

Bank of England was established in.

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1494

1694

1920

1668

In case of mortage, the property remains in the possession of:

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Lender (creditors)

Borrower (debtors)

The government

All of the above

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

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Increased

Reduced

Waived

All of the above

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

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5%

10%

30%

100%

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

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