Question # 1

When was PICIC established

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1950

1951

1957

1961

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

The other name of cash credit is.

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Overdraft

Cash finance

Runnign finance

None of these

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All the above

State Bank of Pakistan Amendment Act is.

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1932

1997

1962

1956

Riba is the word of following language

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Urdu

Arabic

English

French

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

Due to good Banking system which sector showed Rapid growth.

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Agriculture sector

Industiral sector

Banking Sector

All of these

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

State Bank of Paksitan was established on

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1st July 1949

Ist July 1948

Ist July 1694

Ist July 1964

Draft drawn and pid in two different parties int he same country is called.

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Foreign draft

Demand draft

Local draft

None of these

Customer can withdraw money only after the expiry of fixed time

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From saving account

From current account

From fixed deposit

From all the above

What is the example of non scheduled bank

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Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

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

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