MCQs Banking, Commercial Banks

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For the first time   , MCQs of  Banking & Finance

The multiple-choice questions of banking and finance are not regularly available on any channel or any site for which the students feel a lot of trouble. We decided to take the time out of our busy schedule to try to make it easier for the students as well as to secure their future.

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Banking & Finance

COMMERCIAL BANKS

·        Bank registered with the central bank are known as

Scheduled banks	Non- scheduled banks
Both	non

 ·        Commercial banks perform the function of

Receiving deposits	Advancing loans
Credit creation	all

 ·        Money is transferred by

Pay order	Bank draft
cheque	all

·                     Credit is created by:

Commercial banks	central Bank
Banking System	none

 ·         Bill of exchange is discounted by

Banking System	central Bank
Commercial banks	Industrial banks

 ·        Which was the first bank in Pakistan?

Muslim Commercial Bank	Habib Bank
Bank of Bengal	Bank of India

 ·        When did State Bank Pakistan come into existence?

1947	1949
1948	1950

 ·        Bill of exchange is rediscounted by

Banking System	central Bank
Commercial banks	Industrial banks

 ·        Discounting of a bill is type of:

Overdraft	Loan
Interest	none

 ·        Central bank advances loan to commercial banks

Clearing house	Rediscounting of bill
Credit control	all

 ·        Underwriting of shares means:

Discounting of shares	Issuance of shares
Overwriting of shares	Printing of shares

 ·        What is letter of credit?

An order	A request
A promise	all

 ·        Using Debit Card, we can save

time	labour
none	both

 ·        Commercial banks are of types

2	4
6	8

 ·        Which is the commercial bank in Pakistan?

HBL	UBL
MCB	all

·        Pakistan can not build this bank as Pakistan’s Bank.

Standard Chartered Bank	Imperial Bank
Reserve Banks	Islamic Bank

·        Commercial banks receive

Fixed deposits	Saving deposits
Current deposits	all

 ·        Commercial banks advance loans:

Short term loans	Midterm loans
Long term loans	all

 ·        Which is the statutory bank in Pakistan?

Sindh Bank	Bank of Punjab
Khyber Bank	all