Multiple Choice Question for Principles of Banking I Com Part 2 Test 3

Multiple Choice Question for Principles of Banking I Com Part 2 Test 3

1. Scheduled Bank is registered with


2. When did the Bank of England establish


3. In Pakistan which Bank works as controller of money?


4. Cheque is crossed by


5. Saving account can be opened by


6. Central Bank of India is


7. Suitable Bank Account for businessmen is


8. A cheque which can be cashed by its holder


9. Central Bank provides loan facility to


10. Which bank can open their branch in foreign countries?


11. The signature of the following is compulsory on bill of exchange


12. Which account is suitable for business community?


13. On which account a Bank pays maximum rate of interest


14. Cheque having past date is called


15. What type of institution is a Bank?


16. Which of the following is function of Central Bank?


17. The commercial bank may be


18. Application for registration of Bank should be signed at least promoters


19. Rate of interest in case of fixed deposit account


20. Commercial Bank creates credit


21. What type of institution is a bank?


22. Issuance of currency notes is the authority of


23. The parties of Promissory Note are


24. Cheque is an unconditional order


25. Central Bank has monopoly


26. What is the purpose of using credit card?


27. The Islamic Banking System started in Pakistan in


28. The bill of exchange has three


29. The person who opens a bank account is called


30. Written in Memorandum of Association


31. The basic first objective of Central Bank is


32. Bill of exchange is


33. Which can open the saving account?


34. The Bank established under Royal Charter is called


35. The document by which the people are invited to buy the shares of the Bank is called


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