Question # 1

If a credit card is lost, what should the holder do.

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Report to employer

Report to bank

Report to insurance co.

All the above

How many benefits of economy

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2

3

4

5

Cash reserve of commercial Banks includes.

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Cash in hand

Cash with SBP

Balance with other banks

All the above

Central bank bank supervises one of the following systems of a country:

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Provincial

Political

Economical and financial

None of the above

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

The market where foreign moneys are bought and sold is.

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Stock market

Foreign exchang markets

Open market

None of these

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

Account Suitable for businessmen

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Saving account

Fixed Account

PLS account

Current Account

If a credit is lost, what shuld the holder do.

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Report to employer

report to bank

Reort to insurance co.

All the above

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

Difference between hypothecation and pledge is.

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Possession of goods

Ownership

Possession of documents

None of these

The exchange of one country's currency for another foreign currency.

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Exchange Rate

Money change

Foreign exchange

None of these

Scheduled Banks are registred under state bank act.

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1956

1984

1962

1932

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

The bank can cover the loan by selling out the.

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Capital

Credit card

Security

None of these

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

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