Question # 1

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Which amount is available for salaried and low income persons:

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Current account

Saving account

Fixed deposit

All of the above

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All the above

For Transactions the merchants used to issue.

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Passport

Promissory note

Ideintty card

Bil lof exchange

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

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

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ATM card

Credit card

Cheque

Debit cards

Qualitative methods of monetary policy do not include:

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Direct actions

Publicity

Bank rate policy

Moral pursuation

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

Person who recieves the amount of cheque from bank is called:

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Drawee

Payee

Endorsee

All of the above

Capital market does not deal in.

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Debentures

Treasury bills

Bonds

Shares

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

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

The parties involved in a gurantee are.

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Debtor

Creditor

Guarantor

All these

Term dishonoring of cheque is used when

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Bank refuses to pay

Bank stops the payments

Bank delay the payments

Bank gives cheque to clearing house

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

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