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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