Question # 1

Which of the following institution was working before the establishment of ADBP

Choose an answer

Agricultural development finance corporation

Agricultural development bank

Both a and b

None of the above

A form of written agreement between the customer and his bank is.

Choose an answer

Cheque book

Bank Statement

A/c opening form

Pass book

Which form of automated payment would be better in paying wages to employee

Choose an answer

BACS

Standing order

Direct Debit

Credit transfer

In case of non-negotiable instruments, the rights can:

Choose an answer

Be tranferred

Not be transferred

Be conditionally transferred

All of the above

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

Choose an answer

Commission

Rent

Intrest

Carriage

Which account is called non operating account.

Choose an answer

Current account

Saving account

Fixed account

BBA account

Which of the following banks performs its functions according to the instructions of central bank

Choose an answer

Foreign bank

Scheduled bank

Non-scheduled bank

All the above

Drawer and drawee belongs to same country.

Choose an answer

Domestic bill

Foregin bill

Trade bill

Accommodation bill

Which bank account continues after the with drawal of total amount:

Choose an answer

Current saving

Fixed deposit

Saving account

All of the above

Promissory note means a:

Choose an answer

Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

The number of financial institutions in money is

Choose an answer

Limited

Fixed

Unlimited

All are possible

What is the example of non scheduled bank

Choose an answer

Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

What is the full form is ATM

Choose an answer

Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

Generally, the instruments which are used in foreign receipts and payments called

Choose an answer

Exchange rate

Foreign exchange

Letter of credit

All of the above

Major function of Central Bank is.

Choose an answer

Open account

Provide lockers

Issue currency notes

All of the above

The bank can cover the loan by selling out the.

Choose an answer

Capital

Credit card

Security

None of these

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium 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