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

Multiple Choice Question for Principles of Banking I Com Part 2 Test 1

1. What type of institution is a bank?

 
 
 
 

2. Which can open the saving account?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

5. Central Bank provides loan facility to

 
 
 
 

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

 
 
 
 

7. Which account is suitable for business community?

 
 
 
 

8. The parties of Promissory Note are

 
 
 
 

9. Issuance of currency notes is the authority of

 
 
 
 

10. The person who opens a bank account is called

 
 
 
 

11. When did the Bank of England establish

 
 
 
 

12. Rate of interest in case of fixed deposit account

 
 
 
 

13. Saving account can be opened by

 
 
 
 

14. Suitable Bank Account for businessmen is

 
 
 
 

15. Commercial Bank creates credit

 
 
 
 

16. Cheque having past date is called

 
 
 
 

17. Written in Memorandum of Association

 
 
 
 

18. The Islamic Banking System started in Pakistan in

 
 
 
 

19. The bill of exchange has three

 
 
 
 

20. Central Bank has monopoly

 
 
 
 

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

 
 
 
 

22. Central Bank of India is

 
 
 
 

23. Cheque is crossed by

 
 
 
 

24. What type of institution is a Bank?

 
 
 
 

25. Scheduled Bank is registered with

 
 
 
 

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

 
 
 
 

27. The basic first objective of Central Bank is

 
 
 
 

28. The commercial bank may be

 
 
 
 

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

 
 
 
 

30. The Bank established under Royal Charter is called

 
 
 
 

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

 
 
 
 

32. What is the purpose of using credit card?

 
 
 
 

33. Bill of exchange is

 
 
 
 

34. Cheque is an unconditional order

 
 
 
 

35. A cheque which can be cashed by its holder

 
 
 
 

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