Question # 1

Parties involvedin money order.

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Two

Three

Four

Five

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

According to registration , bank is divided into followings categories:

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Home and foreign bank

Central and commercial bank

Scheduled and non-scheduled bank

All of the above

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

Which is appointed by govt. to certify the negotiable instrument:

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Private attorney

Public attorney

Notary public

Giazetted Officer

If an old joint stock company opens the account then a bank demands for last few years:

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Balance sheet

Annual report

Both (a) & (b)

None of the above

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

State Bank of Pakistan was established on.

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Tuesday Ist July 1948

Wednesday Is July 1948

Thursday Ist July 1948

Friday Ist July 1948

Which of the following is not a right of a bank.

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Charge commission

Close account without notice

Charge interest on O/D

None of these

Stock exchange marketin Pakistan.

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LSE

KSE

ISE

All of these

All information of pass book is filled by.

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Bank offcials

Payee

Drawer

Account Holder

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

The loans which can be demanded back by bank at any time are.

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Short term loans

Medium Tem loans

Long term loans

Demand loans

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

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