Principles of Banking I Com Part 2 MCQS Set 3

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Principles of Banking I Com Part 2 MCQS
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Which amount is available for salaried and low income persons:
Saving account
All of the above
Current account
Fixed deposit

Sate Bank of Pakistan advises the federal and provincial governments on following matter
All the above
Financial
Administrative
Political

PICIC was established as
Private company
Limited company
None of the above
Partnership

Which bank does accept the deposits from public
Foreign exchange bank
Commercial bank
All the above
Central bank

How many merits of scheduled bank
14
12
15
13

Crossing which contains the name of a particular bank is called
Regular crossing
Special crossing
General crossing
Irregular crossing

The part of deposits kept with the central bank is called:
Margin
All of the above
Cash reserve
Interest rate

Bills of exchange can be cashed from bank before maturity by:
Overdraft
Discounting
Renewal
None of the above

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue
10%
100%
5%
30%

What was the capital of State bank of Pakistan at the time of establishment
300 millions
300 billions
30 millions
30 billions

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