According to the section 30 of Banking Companies Ordinance 1962-00767
According to the section 30 of Banking Companies Ordinance, 1962, at the close of business on any day, the assets in Pakistan of every banking company shall not be less in value than such percentage of its time and demand liabilities in Pakistan as may be prescribed by the State Bank from time to time provided that the percentage so prescribed shall not exceed:
This multiple choice question (MCQ) is related to the book/course
vu bnk601 Banking Laws & Practices.
It can also be found in
vu bnk601 Lecture No.13 - Quiz No.1.
According to the section 30 of Banking Companies Ordinance, 1962, at the close of business on any day, the assets in Pakistan of every banking company shall not be less in value than such percentage of its time and demand liabilities in Pakistan as may be prescribed by the State Bank from time to time provided that the percentage so prescribed shall not exceed:
65% of time and demand liabilities
75% of time and demand liabilities
85% of time and demand liabilities
95% of time and demand liabilities
