Principles of Banking I Com Part 2 MCQS Set 7

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Principles of Banking I Com Part 2 MCQS
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How many benefits of economy

Which letter of credit is automatically renewed by fulfilling certain conditions

What kind of power does commercial bank possess regarding credit creation
Limited power
All the above are possible
Unlimited power
No power

The commercial banks may be:
All of them

Which of the following is a highly marketable security
Shares and debentures
All the above
Document of title to goods
Immovable property

Which of the following functions is performed by commercial bank
Issuance of currency notes
Preparation of monetary policy
Rediscounting of bills
Credit creation

The central bank works under the rules framed by:
Different banks
All of the above

Who was the founder of commercial bank
All of them
Money lenders

Which of the following cannot open account in a bank
Pargah-nasheen women
Minor or infant
Lunatic or mental patient
Non-trading concern

What is necessary to withdraw money through ATM
None of these
I.D. card
Pin code

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