Principles of Banking I Com Part 2 MCQS
What does IOU mean
I am a creditor to you
None of these
I am a debtor to you
Both a and b
Which of the following industry is financed by PICIC
Manufactures export goods
All of them
Depends upon local raw material
Establishes under national development program
The loans which are issued for the period of one to five year called
Demand loans
Long term loans
Medium term loans
Short term loans
The main sources of bank’s fund are
Deposits
All of them
Loan from other banks
Own capital
Which document is attached to the application for the registration of bank
Prospectus
All of them
Articles of bank
Memorandum of bank
Treasury bill means:
None of the above
Promise of government to pay
Amount of government
Evidence of governments debt
Which of the following rate keeps the balance of payments in equilibrium
Market rate
Discount rate
Interest rate
Exchange rate
If an old joint stock company opens the account then a bank demands for last few years:
Balance sheet
Both a and b
Annual report
None of the above
In case of inflation in the country, the rate of margin is:
Waived
Reduced
Increased
All of the above
Which of the following parties of a letter of credit is called beneficiary
Exporter
Advising bank
Opening bank
Importer
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