Principles of Banking I Com Part 2 MCQS Set 3

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Principles of Banking I Com Part 2 MCQS


Saving account can be opened by:
An individual
All of them
The institutions
A group of persons

What is the purpose of monetary policy
To control foreign exchange
To control supply of money
To control stock market
To control banking system

What type of institution a bank is:
All of the above
Religious
Social
Financial

The forms of cash reserve of commercial bank:
All of them
Recievable from other banks
Cash in hand
Reserve with central bank

Which document a joint stock company has to provide at the time of opening account with bank
Certificate of incorporation
Copy of bye-laws
Shares
Audited annual report of company

If the exporter is not the receiver (beneficiary) of money then a letter of credit is called:
Back to Back
Transferable
Resolving
None of the above

Security is a powerful tool that ensure the repayment of:
None of the above
Interest
Deposit
Debt

Bills of exchange has three:
Shareholders
Owners
None of the above
Parties

Which bank account is exempted from income tax and zakat:
Fixed deposit
Foreign currency account
All of the above
Saving account

Commercial bank creates the following Money
Paper
All the above
Metallic
Credit

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