Question # 1

What type of account is preferred by a businessman

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Saving account

Fixed deposits

Current account

Foreign currency account

Most of the experts agreed that the word "Bank" has been derived from the word.

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Banque

Banco

Bancus

Back

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

The price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

In Pakistan before 1974 commercial Banks were formed under.

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Co's act 1932

Co's Act 1913

Co's Act 1984

None of these

Beginning of cheque by.

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Gold smiths

Merchants

Kings

Money lenders.

Money market is a market of loans for

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Short term

Medium term

Long term

All the above

When was the process of Islamization of banking started in Pakistan

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1977

1980

1982

Which of the following is not use to E-Banking .

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ATM card

Credit card

Cheque

Debit cards

Under which Section Scheduled Bank are bond to keep 80% of their Asset in country.

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Section 38

Section 33

Section 37

Section 40

Parties involved in I.O.U

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Three

Four

Two

Five

To meet the modern banking transactions Requirements SBP introduced.

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E- Banking

Islamic Banking

Office banking

All of these

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

A contractual relationship between bank and its customers.

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Debtor

Principal

Bailor

All of these

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

Which principle is followed by central bank to issue currency notes

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Currency principle

Banking principle

Both principle

None of the above

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

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