Principles of Banking I Com Part 2 MCQS Set 7

Principles of Banking I Com Part 2 MCQS
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Principles of Banking I Com Part 2 MCQS Available Here. In this pages your can get Principles of Banking I Com Part 2 MCQS with Answers.
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How many benefits of economy
4
3
5
2

Which letter of credit is automatically renewed by fulfilling certain conditions
Fixed
Revolving
Confirmed
Documentary

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:
Scheduled
All of them
Non-scheduled
Foreign

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:
People
Government
Different banks
All of the above

Who was the founder of commercial bank
Merchants
Goldsmiths
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
Cheque

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