Question # 1

A contractual relationship between bank and its customers.

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Debtor

Principal

Bailor

All of these

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

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Bailee

Pawnee

Mortagagee

Trustee

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

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

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

Which Fiqah does allow the deduction of Zakat in the application form of account opening

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Hindu

Shia

Sunni

None of the above

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

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

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

Illiterate person provies on cheque for his indentification.

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Photograph

Birth Certificate

Thum Impression

All these

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

A pass book is issued to:

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Current accountholder

Saving accountholder

Both A & B

None of the above

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 is demanded by a bank at the time of opening new account

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Birth certificate

Source of income

Educational qualification

All 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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