Question # 1

The person who accepts the bill of exchang is.

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Debtor

Drawer

Payee

None of these

A developed or organized money market is always

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Elastic

Less elastic

More elastic

Not elastic

When was the process of Islamization of banking started in Pakistan

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1977

1980

1982

What is called a good security

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Whose price can be determined easily

Which does not have any government restriction

Whose ownership is totally clear

All the above

Which of the followign cannot open account in a bank.

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Lunatic

Minor

Parda Nasheen woman

All of these

When was the "Reserve Bank of India" established:

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1925

1935

1940

1945

Which things can be accepted by bank as security at the time of granting loan

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Gold and silver

Property

Shares and debentures of company

All the above

Negotiable credit instruments does not includes.

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Cheque

ATM card

Draft

Promissory

What is the example of Scheduled bank

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Habib bank Ltd.

Allied bank Ltd. in Pakistan

Both a and b

None of these

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

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

How many products of E banking

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5

6

7

8

Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.

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12th

13th

14th

15th

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

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Consumer

Zarib

Aamal

None of the above

Which bank does discount the bills of public

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Commercial bank

Agricultural bank

Industrial bank

All of the above

The following bank can open its branch in foreign country

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Scheduled bank

Non-scheduled bank

Both a and b

None of the these

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

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