Scheduled and Non-Scheduled Banks
Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank
Copy of bye-laws
Prospectus of bank
Certificate of incorporation
Audited annual report of bank
Audited annual report of bank
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Which of the following banks cannot open its new branch without the permission of central bankA. Scheduled bank
B. All of the above
C. Non-Scheduled bank
D. Chartererd bank
Scheduled bank is registered under state bank of Pakistan Act
A. 1950
B. 1965
C. None of the above
D. 1956
Non-scheduled bank can
A. Open new branch without permission
B. Deal in foreign exchange
C. Attain the public confidence
D. All the above
Scheduled bank keeps a certain amount of its deposits with central bank as
A. Authorized capital
B. Subscribed capital
C. Reserve capital
D. Bank rate
In financial crises,the central bank issues loan to
A. All the above
B. Non-scheduled bank
C. Scheduled bank
D. Foreign bank
What percentage of total assets a scheduled bank is bound to keep within the country
A. 70%
B. 80%
C. 60%
D. 90%
It is necessary for scheduled bank to
A. Get the books checked
B. Act on the instructions of central bank
C. Submit report to central bank
D. All the above
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