Question # 1

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

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Debtor

Bailor

Bailee

Creditor

What type of account is preferred by a businessman

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Saving account

Fixed deposits

Current account

Foreign currency account

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

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Credit card

pay order

Bank Draft

All of these

The person who is committed to manager the property of other.

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Trustee

Bailee

Morggagee

None of these

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

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

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Asset

Liability

Investment

Saving

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

A pass book is issued to:

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Current accountholder

Saving accountholder

Both A & B

None of the above

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

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

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Pledgee

Mortagager

Pledger

Mortagagee

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

Thenature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

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

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

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

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Balancing

Adjustment

Setting off

All these

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

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