Question # 1

Riba is the word of following language

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Urdu

Arabic

English

French

What type of institution a bank is:

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Financial

Social

Religious

All of the above

When was the "Reserve Bank of India" established:

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1925

1935

1940

1945

Why commercial banks keep a certain amount of money as reserve

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Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

The statement of Pakistan was inaugurated by:

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Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

The money deposited in the bank is considered by a customer as

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Asset

Liability

Investment

Saving

Joint-stock company can open the following account in bank

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Fixed

Current

Saving

All the above

American express Bank is an example of.

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School Bank

Exchange Bank

Consortium Bank

None of these

Parties involved in I.O.U

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Three

Four

Two

Five

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

The commercial banks provide the following type of loan by discounting the B/E:

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Short term

Medium term

Long term

All of the above

After 31st Decemebr 1965 Pakistan use

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Min. Reserve system

Fixed Fiduciary system

Proportional Reserve

None of these

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

Capital market deals in

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Common stocks

Shares

Debentures

All of these

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

Banking companies ordinace is

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1962

1984

1932

1694

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

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