Question # 1

To make payments of variable amounts to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

Clearing House system

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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Administrative

Financial

Political

All the above

Non -Scheduled banks are formed under.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

An increase in the reseve requirement causes.

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More credit Creation

Less Credit Creation

Stop credit creation

None of these

The acceptance of bill without some condition is called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

Beginning of cheque by.

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Gold smiths

Merchants

Kings

Money lenders.

The various kinds of exchange rate includes.

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Official rate

Spot rate

Forward rate

All of these

Which of the following banks performs its functions according to the instructions of central bank

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Foreign bank

Scheduled bank

Non-scheduled bank

All the above

In these days Banks are formed under companies ordinance.

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1962

1932

1984

1013

The Bank are called Scheduled Bank which are registered with the.

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Central Bank

world Bank

Bank of England

All the above

Foreign exchange control reduces the

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Circulation of capital

Export of capital

Import of capital

None of the above

Non-scheduled bank can

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Deal in foreign exchange

Attain the of public confidence

Open new branch without permission

All the above

Which of the following is a non commercial L.C.

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

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 objective of a central bank is to

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Earn profit

Advance loans to traders

Safeguard the national interest

All of the above

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

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