BANKING MCQS TEST
I.
A commercial bank keeps less reserve if
* Cheque is used in most of the
transaction * Clearing house facility is available
* Rediscounting facility is
available * all of these
II.
An
endorsement is said to be Restrictive endorsement, if the endorser
* signs
his name only * adds a direction
to pay the amount
* Restricts or excludes further
negotiation * None of these
III.
Stale cheque is
* Older than six months *
Older than three months
* Older than one month *
None of these
IV.
Parties to cheque are
* 3 *
5 *
9 * 8
V. This is a Negotiable credit instrument:
* Cheque * Money Order * Postal Order * Share certificates
VI.
In 1947 Pakistan’s banking system was
run by:
* Bank of England * State Bank of Pakistan
* Reserve Bank of India * All of these
VII.
Drawing two parallel lines on the top
left side of a cheque is called
* Canceling * Crossing * Securing * None of these
VIII. Banks registered with Central Bank are called
* Scheduled Bank * Registered Bank * Limited Bank * None of these
IX. Issuing currency Note is the function of
* Commercial Bank * Statuary Bank * Partnership bank * Central bank
X.
Rediscounting of the Bill is the
function of
* Specialized Bank * Central Bank * Exchange bank * Commercial Bank
Yes
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