Question # 1

What is common between bank and customer.

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Account No.

Sereial No

Drawee

Cheque No

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

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Balancing

Adjustment

Setting off

All these

Pay-in-slip is a written evidence of:

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Transferring money

Depositing money

With draw money

All of the above

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

Which document a joint stock company has to provide at the time of opening account with bank

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Shares

Copy of bye-laws

Audited annual report of company

Certificate of incorporation

Which of the followign cannot open account in a bank.

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Lunatic

Minor

Parda Nasheen woman

All of these

Which of the following is not a right of a bank.

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Charge commission

Close account without notice

Charge interest on O/D

None of these

The person who opens a bank account is called:

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Owner of bank

Customer of bank

Employee of bank

None of them

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

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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