2nd Year Statistics MCQS Set 2

IDB was opened on

Oct. 1977

Oct. 1973

None of these

Oct. 1975

Which function does a central bank not perform

Credit creation

Banker of the public

Advancing loans

Lender of last resort

Which letter of credit is issued for a single or particular transaction:

Revocable

Fixed

Green Clause

Red clause

What type of account is preferred by a businessman

Fixed deposits

Saving account

Current account

Foreign currency account

The number of financial institutions in money is

All are possible

Limited

Fixed

Unlimited

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

All the above

License

Certificate

Statement

When was the “Bank of Venice” established:

1187

1127

1157

1147

The banks under special ordinance are formed:

By the president of any bank

By the president of a country

By the president of world bank

All of the above

The first stage or step between importer and exporter for the purpose of sale and purchase is:

Contract with bank

Oath or undertaking

Agreement

Issuing of L.C

What kinds of business does a commercial bank do

Re-discounts the bills of exchange

Issues currency notes

Accepts deposits and advances loans

All the above