Principles of Banking I Com Part 2 MCQS Set 4

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

Certificate

Statement

All the above

License

How many institutions in money market in Pakistan

8

7

10

9

A person who writes the bill is called

Drawer

Payee

Drawee

Acceptor

The more increase in exchange rate for a country under gold standard is called

Middle specie point

None of the above

Upper specie point

Lower specie point

Qualitative methods of monetary policy do not include:

Direct actions

Bank rate policy

Moral pursuation

Publicity

When was Islamic Banking System introduced in Pakistan:

1982

1970

1981

1972

Which of the following banks accepts deposits and advances loans

Cooperative bank

Central bank

Commercial bank

Mortgage bank

Cheque signed by drawer without filling is called

Open

Blank

Plain

Traveller’s cheque

Which of the following banks cannot open its new branch without the permission of central bank

All of the above

Chartered bank

Non-scheduled bank

Scheduled bank

Retirement of bill means

Payment of bill before due date

Protesting of bill

Dishonoring of bill due to non-payment

Dishonoring of bill due to non-acceptance