Principles of Banking I Com Part 2 MCQS
Which of the following changes cause to change in foreign exchange rate
All of them
Change in bank rate
Change in export and imports
Change in capital flow
What is the number of members in the managements body of PICIC
12
21
7
5
The automatic delivery of banking products and services to customers through interactive electronic communication is called
Electronic banking
None of these
Both a and b
E banking
Which of the following is used to finance the people who want to travel abroad
Traveller’s letter of credit
Traveller’s cheque
All of them
Circular note
Honoured cheuqe is a cheque which is
Accepted by endorsee
Accepted by drawee for payment
All of the above
Accepted by payee
The important (basic) kinds of accounts opened in commercial banks are:
Four
Three
Two
countless
Which of the following gets facility due to commercial letter of credit:
Both exporter and importer
Importer
Home traders
Exporter
Main parties of promissory note are
One
Four
Three
Two
A cheque which cannot be cashed at bank’s counter
Crossed
None of the above
Bearer
Order
Term dishonoring of cheque is used when
Bank stops the payments
Bank refuses to pay
Bank gives cheque to clearing house
Bank delay the payments
nr
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