Question # 1

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

Who can issue participation term certificates.

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Firm

Company

Cooperative society

All of these

In Islamic banking overdraft means.

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Debit balance

Running finance

Favorable balnce

Nil Balance

It is necessary for scheduled bank to

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Act on the instructions of central bank

Submit report to central bank

Get the books checked

Al the above

What percentage of total assets a scheduled bank is bound to keep within the country

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60%

70%

80%

90%

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

What is the example of non scheduled bank

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Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

What is the example of Scheduled bank

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Habib bank Ltd.

Allied bank Ltd. in Pakistan

Both a and b

None of these

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

Credit Card, ATM card and Debit Card are.

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Metallic money

Paper Money

Plastic Money

Bank Money

Nature of Bank Accounts also help in determining the ratio of.

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Cash Reserve

Capital

Partnership

None of these

Following is an example of Non-Operating Account.

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Current Account

Fixed Deposit Account

Foreign Currency A/c

Saving Account

Parties involved in cheque.

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Account Holder

Bank

Payee

All these

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

The following bank can open its branch in foreign country

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Scheduled bank

Non-scheduled bank

Both a and b

None of the these

Non-scheduled bank can

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Deal in foreign exchange

Attain the of public confidence

Open new branch without permission

All the above

Who does get the benefit of opening an account in bank.

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Bank

Account Holder

Government

All these

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

Scheduled bank keeps a certain amount of its deposits with central bank as

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Reserve capital

Bank rate

Subscribed capital

Authorized capital

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

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Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test MCQs With Answers

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