Question # 1

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

A customer places his valuables with thebank for safe custody is called.

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Debtor

Bailor

Bailee

Creditor

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

A pass book is issued to:

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Current accountholder

Saving accountholder

Both A & B

None of the above

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

An account holder does not need to write a cheque to withdraw money from following account

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Saving account

Fixed deposit account

Current account

None of the above

Joint Stock Company can open only.

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Fixed deposited account

Saving account

B.B.A . Account

Current account

Which of the following accounts is non-transferable

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Saving account

Fixed deposit account

Current account

None of the above

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

Which of the following is provided to customer for opening the profit and loss term deposit account

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Cheque bank

Pay-in-slip

Pass book

Fixed deposits receipt

It is the duty of a customer to.

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Follow banking hours

Safety of cheque book

Care ful filling of cheque

All these

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

the nature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

Account suitable for business woman.

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Current account

Saving account

Fixed deposite account

All these

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

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Principles of Banking Icom Part 2 English Medium Chapter 6 Online Test MCQs With Answers

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