Principles of Banking I Com Part 2 MCQS Set 2

When a person deposits money in a bank, it is the beginning of

Bank and customer relationship

Lending and borrowing between bank and customer

Bank and customer business

Relation of confidence and trust

When the State Bank of Pakistan came into existence

1949

1970

1948

1947

Which one of the following is not the preference of state bank of Pakistan

Equal distribution of credit

To earn maximum profit

Control over the supply of money

Expansion in banking system

Endorsment of a cheque is always:

Written and registered

All of the above

Oral

Written

What kinds of business does a commercial bank do

Accepts deposits and advances loans

Issues currency notes

Re-discounts the bills of exchange

All the above

Which of the following relationships occurs if a customer deposits his money in a bank

Bank a modarib and customer as an aamal

Bank as an agent and customer as a principle

Bank as a creditor and customer as a debtor

Bank as a debtor and customer as a creditor

Commercial bank can be regarded by nature as

Investment bank

Central bank

None of the above

Depository bank

Which is demanded by a bank at the time of opening new account

Source of income

Birth certificate

All of the above

Educational qualification

Which institution is not the member of money market

Discount houses

All the above

Commercial bank

HBFC

The document by which the people are invited to buy the shares of bank is called

Articles of bank

Certificate of incorporation

Prospectus of bank

Memorandum of bank