Question # 1

Which bank account continues after the with drawal of total amount:

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Current saving

Fixed deposit

Saving account

All of the above

Termination of banker relatinship by the customer due to.

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Change of place

Death of customer

Poor services

All of these

Rate of interest in case of fixed deposit is

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Low

High

Both

None of the above

Adjusting a debit balance against a credit balance by the bank is called.

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Balancing

Adjustment

Setting off

All these

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

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

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Bank

Account holder

Government

All of the above

The person who pledges the goods with the banker as security is called.

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Pledgee

Mortagager

Pledger

Mortagagee

The money deposited in the bank is considered by a customer as

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Asset

Liability

Investment

Saving

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

Bank is asked to take care the property of his clinet is called.

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Bailee

Pawnee

Mortagagee

Trustee

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

The amount of money in the amount of account holder is called:

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Profit

Interest

Deposit

Loan

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

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

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