Question # 1

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

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12th

13th

14th

15th

PICIC was established as

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Private company

Limited company

Partnership

None of the above

Market for shor term loans.

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Money market

Capital market

Open market

All of these

When did the National Bank start its functions as the agent of SBP:

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1949

1950

1951

1952

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

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Commercial bank

Clearing house

Central bank

Chamber of commerce

the precautions while advancing loan by bank are.

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Safety of loan

Durable security

Liquidity

All the above

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

The amount of loan should be less than.

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Value of security

Market value

Face value

Hidden value

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

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

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Balancing

Adjustment

Setting off

All these

Bank pays money at its counter for:

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Bearer cheque

Order cheque

Both (A) & (B)

Crossed cheque

The acceptance of bill without some condition is called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

ZTBL issues the loans for:

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Fishing and forest

Breading of cattles

Diary farming

All of the above

The nature of relation between bank and customers is:

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Deptor and creditor

Agent and principal

Bailer and bailee

All of the above

Who started the use of bank draft:

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Kings

Merchants

Money lenders

Goldsmiths

Commercial bank is called:

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Banker's bank

Bank of public

Custodian of foreign exchange

Banker to the Government

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

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