Principles of Banking I Com Part 2 MCQS Set 5

Central bank does not provide the following facility to non-scheduled bank

Rediscounting of bills

Transfer of money

All of them

Clearing house

A Modarba may by for

Specific period

Specific or multi purpose

Perpetual

All of them

Who is the leader or supervisor of money market

Government

Commercial bank

Central bank

Money lender

Which of the following can be cancelled by the issuing bank without the consent of the other parties

Revocable letter of credit

Revolving letter of credit

Irrevocable letter of credit

Unconditional letter of credit

The loans on which high rate of interest is charged :

Long term loans

Medium term loans

Short term loans

Demand loans

How many institutions of money market

4

5

7

6

Generally, the instruments which are used in foreign receipts and payments called

Letter of credit

Foreign exchange

All of the above

Exchange rate

The first central bank of indo-Pak

Bank of Calcutta

None of the above

Imperial bank

Reserve bank of India

For how many years the governor of State Bank of Pakistan is appointed:

None of the above

7 years

3 years

10 years

If the quatity of money in circulation increases then this situation is called:

Deflation

Money market

Inflation

All of the above