Question # 1

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

Who can issue participation term certificates.

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Firm

Company

Cooperative society

All of these

What is the number of members in the managements body of PICIC

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12

21

5

7

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

All of the above

In L.C. the other name of importer's bank is.

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Buyer bank

Opening bank

Issuing bank

All of these

The bill of exchange who's tenor is more than three month is.

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Sight bill of exchange

Foreign bill exchnage

Long bill exchange

Short billof exchange

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

The cheque which cannot be cashed on the bank counter.

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Bearer cheque

Crossed cheque

Order cheque

Both bearer and order

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

Which of the following is a non commercial L.C.

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Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

A represntative handed over cheques to other banks are called.

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Outwaard clearing

Direct cheaning

Inward Clearing

Indirect Clearing

Pay Order is issued by the bank when the debtor and creditor belongs to.

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Two different cities

With in same city

Two different counties

All these

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

the nature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

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

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