Principles of Banking I Com Part 2 MCQS Set 2

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Principles of Banking I Com Part 2 MCQS
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A cheque which can be cashed by its holder
Order
Crossed
Plain
Bearer

On every cheque bank gets
Commission
Tax
Duty
Profit

Why does a bank grant loans to businessmen
To purchase raw material
To pay development expenditures
All of them
To pay wages

The number of financial institutions in money is
All are possible
Limited
Fixed
Unlimited

IDB provides finance to
Europian countries
Member Muslim Countries
Asian countries
All countries

What is the objective of foreign exchange control
To increase government revenue
Favorable balance of payment
All the above
To stabilize exchange rate

The Islamic ideology council presents its formal report for Islamic banking in
June, 1979
None of these
June, 1978
June, 1980

Crossing of cheque is cancelled by
Drawee
Holder
All of the above
Drawer

The bills of exchange which is paid after the expiry of fixed period of time called
Time bill
Sight bill
Accommodation bill
All of the above

What is the name of central bank of Pakistan
State Bank of Pakistan
Bank of Pakistan
National Bank of Pakistan
Habib Bank Limited

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