Principles of Banking I Com Part 2 MCQS Set 7

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Principles of Banking I Com Part 2 MCQS


Which method is used for the formation of bank
Royal order
Company’s ordinance
Special ordinance
All of them

Bill in which drawer belonging to two different countries:
Accommodation bill
None of the above
Inland bill
Foreign bill

Which of the following accounts is non-transferable
Fixed deposit account
Saving account
Current account
None of the above

Which of the following takes responsibility to manage the property of another
Trustee
All the above
Bailee
Mortgagee

The institution responsible for the contraction and expansion of money in the best interest of general public is called:
Clearing house
Commercial bank
Central bank
Chamber of commerce

Modern central banking system started in
18th Century
None of these
20th Century
19th Century

Current account is suitable for
Salaried persons
None of the above
Capitalists
Business community

The person in whose favour the rights of recieving the amount of cheque transferred:
Endorser
All of the above
Endorsee
Payee

Which document does reveal the internal affairs of a bank
Certificate of incorporation
Memorandum of bank
Articles of bank
Prospectus

Money market deals in
Marketable securities
Bills of exchange
Promissory note
All of them

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