Question # 1

Services provided by on line banking

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Depositing the money into the account

Withdrawal the money from bank

Transfer of money

All the above

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Pledge means loan given against

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Immovable property

Movable property

Botha a and b

None of these

The bank can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

Which bank is called the mother or central banks

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Reserve bank of India

Bank of England

State Bank of Pakistan

Bank of Venice

Capital market does not deal in.

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Debentures

Treasury bills

Bonds

Shares

bank is the developed form of

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The business of moneylenders

The business of merchants

The business of goldsmiths

None of the above

Pakistan has used methods of note issue.

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Proportional reserve system

Min. Reserve system

Both a and b

Fixed fiduciary system

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

The loan against which no security is kept by bank are.

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Secured loans

Unsecured loans

Demand loans

None of these

PICIC was established as

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Private company

Limited company

Partnership

None of the above

Which of the following can be cancelled by the issuing bank without the consent of the other parties

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Revocable letter of credit

Irrevocable letter of credit

Revolving letter of credit

Unconditional letter of credit

Riba is the word of following language

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Urdu

Arabic

English

French

Where is the head office of IDBP:

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Lahore

Faisalabad

Islamabad

Karachi

When customer deposits his money in a bank, he becomes

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Mortgagee

Creditor

Debtor

None of the above

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

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

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