Bank | MCQs

Explanation

The National Bank of Pakistan, (NBP) recently set a new “Guinness World Record” by installing the world’s highest ATM (automated teller machine) at the Pak-China border, Khunjerab Pass.

The ATM has been installed at a height of 16,007 feet above sea level, making it world’s highest-altitude ATM anywhere in the world.

This is the second time NBP has been awarded a position in Guinness World Record, the first time was in July 2009 for planting over 532,887 mangrove saplings in a day at Keti Bander.

Explanation

• The Picture on the back of the 500 Rupee Pakistani Note Badshahi Mosque
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• The first banknotes issued by the State Bank of Pakistan were released on the 1st of October 1948, in denominations of 5, 10, and 100 rupees printed by Thomas De La Rue & Company.
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• The Picture on the back of the 100 Rupee Pakistani Note Quaid-e-Azam Residency
• The Picture on the back of the 10 Rupee Pakistani Note is Khyber Pass
• The Picture on the back of the 1000 Rupee Pakistani Note Islamia College Peshawar
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• ND03-12-2022
  
  

Explanation

 The State Bank of Pakistan (SBP) is responsible for supervising the banking sector in Pakistan. 

Explanation

Explanation

Allied Bank (ABL)(الائیڈ بینک لمیٹڈ) is the fifth largest commercial bank in Pakistan .

Allied Bank with its registered office in Lahore.

It was the first Muslim bank established before Pakistan became independence in 1942 with the name of Australasia Bank.

It was renamed to Allied Bank of Pakistan in 1974.

Explanation

Meezan Bank was declared the Best Bank of Pakistan for the calendar year 2020 in 5th Pakistan Banking Awards on 8th January 2021, while the Habib Bank Ltd (HBL) won three awards in three different categories.

Explanation

CARs stands for_____?

Computerized Automated Recording System

Explanation

SWIFT is a messaging system that allows banks around the globe to securely and quickly communicate about cross-border payments.

SWIFT has about 11,000 member banks in 200 countries/territories.

Founded: 1973

Headquarters: Belgium

Explanation

CBR stands for Central Board of Revenue.

The Central Board of Revenue was created on April 01, 1924.

through the enactment of the Central Board of Revenue Act, 1924

In 1944, a full-fledged Revenue Division was created under the Ministry of Finance until 1960.

 In 1974, further changes were made to streamline the organization and its functions.

In 1991, the CBR once again reverted to its original status under the Revenue Division,

however, in January 1995, the Revenue Division was abolished and the CBR was once again reverted to a division of the Ministry of Finance.

In 2007, the "FBR Act" was passed in July 2007,

whereby the Central Board of Revenue was renamed to the present-day Federal Board of Revenue (FBR) and for a third time placed again under the Revenue Division of the Ministry of Finance

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Must Read it

Who is the current chairman of FBR?

Explanation

The National Bank of Pakistan (NBP) has been fined more than $55 million by United States authorities for anti-money laundering violations and for repeated compliance failures, it emerged on 24-02-2022.