Online Test

Question # 1

Married women can open following account in bank:

Choose an answer

Saving account

Current account

Fixed amount

All of the above

Bank is bound to honour the cheque of customer if:

Choose an answer

Required amount is available in amount

Cheque is according to rules of conduct

There is no restriction by government

All of the above

When a bank accepts real estate as security by way of mortgage then it is called

Choose an answer

Aamal

Zarib

Mortgager

Mortgagee

Who is responsible for loan in case of joint customer:

Choose an answer

All partners of persons

Person having authority to deal with bank

Active partner

None of the above

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

Choose an answer

Consumer

Zarib

Aamal

None of the above

Joint-stock company can open the following account in bank

Choose an answer

Fixed

Current

Saving

All the above

Which of the following cannot open account in a bank

Choose an answer

Pargah-nasheen women

Minor or infant

Lunatic or mental patient

Non-trading concern

Person having an account with a bank or having some similar relation with the bank is called

Choose an answer

Owner

Debtor

Consumer

Customer

What is the status of an account if opened by a government institution

Choose an answer

A non-trading concern

An individual

A joint-stock company

A joint customer

Clubs, cooperative societies, and associations etc. are entitled as following concern

Choose an answer

Partnership

Non-trading

Trading

All the above

The nature of relation between bank and customers is:

Choose an answer

Deptor and creditor

Agent and principal

Bailer and bailee

All of the above

If an old joint stock company opens the account then a bank demands for last few years:

Choose an answer

Balance sheet

Annual report

Both (a) & (b)

None of the above

Which of the following customers does not have more rights on bank:

Choose an answer

Individual customer

Joint customer

Minor customer

All have the same

Which of the following terms is used regarding the confirmation of death of bank customer

Choose an answer

Stopped account

Cancelled account

Deceased account

Closed account

Which of the following relationships occurs if a customer deposits his money in a bank

Choose an answer

Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

Head of any government institution can open account with a bank in the capacity of

Choose an answer

Consumer

Principal

Employee

None of the above

Before opening account in bank, a married women is asked about her:

Choose an answer

Husband's name

Father's name

Mother's name

All of the above

When a person deposits money in a bank, it is the beginning of

Choose an answer

Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

A form of written agreement between bank and customer is

Choose an answer

Cheque book

Pass book

Application form for opening account

None of the above

Relation between banker and customer terminates, when a :

Choose an answer

Customer becomes mad or lunatic

Customer becomes insane or mental

Customer dies

All od the above

A trustee is the:

Choose an answer

Owner of property

Care taker of property

Mortgagee of property

None of the above

Which of the following takes responsibility to manage the property of another

Choose an answer

Trustee

Bailee

Mortgagee

All the above

Illiterate person provides to bank for his identification

Choose an answer

Birth certificate

Impression of thumb

Photograph

All the above

When customer deposits his money in a bank, he becomes

Choose an answer

Mortgagee

Creditor

Debtor

None of the above

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium Chapter 7 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer