Question # 1

How many merits of scheduled bank

Choose an answer

12

13

14

15

When the State Bank of Pakistan came into existence

Choose an answer

1947

1948

1949

1970

the loans which cna be demanded back by bank at any time are called.

Choose an answer

Short term loans

Overdrats

Demand loans

Running Finance

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

Choose an answer

Pay in slip

Deposit slip

Credit voucher

All of these

The document which reveals the ownership of goods kept on port:

Choose an answer

Bill of lading

Dock warrant

Delivery order

Railway receipt

According to Sir John Paget, a bank is an institution which :

Choose an answer

Accepts the deposits of general public

Honours the cheques

Advances loan

All of the above

In Pakistan Islamic Banking system was introduced in .

Choose an answer

1974

1981

1984

None of these

In Islamic banking overdraft means.

Choose an answer

Debit balance

Running finance

Favorable balnce

Nil Balance

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

Long term loan is advanced against the following security:

Choose an answer

Non-material

Material

Personal

All of the above

Running finance means customer has balance at bank.

Choose an answer

Debit Balance

Credit Balance

Favorable balance

None of these

Payee has no give his identification to bank for receiving the amount of:

Choose an answer

Bearer cheque

Order cheque

Blank cheque

Crossedcheque

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

Choose an answer

Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

For customer Money deposited int Bank is.

Choose an answer

Liability

Asset

Saving and Asset

Expense

Minor person of a bank is one who is below.

Choose an answer

15 years

16 years

18 years

17 years

A pass book is issued to:

Choose an answer

Current accountholder

Saving accountholder

Both A & B

None of the above

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