Question # 1

Safest cheque for making payment is:

Choose an answer

Crossed cheque

Order cheque

Bearer cheque

All of the above

If the bank refuses to pay the amount of cheque.

Choose an answer

Discounting

Crossing

Dishonoring

None of these

What is recieved by the post office on money order:

Choose an answer

Profit

Interest

Commision

All of the above

In case of inflation Bank rate.

Choose an answer

Constant

Decreases

Increases

None of these

PTC are issued in place of

Choose an answer

Shares

Debentures

Bonds

None of these

The person who opens a bank account is called:

Choose an answer

Owner of bank

Customer of bank

Employee of bank

None of them

Up to December 1965, Pakistan used method of note issue.

Choose an answer

Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

Which of the following institution was converted into IDBP:

Choose an answer

Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

Who can issue participation term certificates

Choose an answer

Firm

Company

Cooperative society

All the above

An organized money market is always.

Choose an answer

Not elastic

Less elastic

More elsastic

Elastic

What is written on the leaf of a cheque about customer

Choose an answer

Name

Address

Telephone number

Account number

The signature of the following is compulsory on B/E:

Choose an answer

Bank

Drawee

Drawer

Both (B) & (C)

The loan which can be demanded at any time are called

Choose an answer

Short term loans

Demand loans

Overdraft

All the above

IDB was opened on

Choose an answer

Oct. 1973

Oct. 1975

Oct. 1977

None of these

Joint Stock Company can open only.

Choose an answer

Fixed deposited account

Saving account

B.B.A . Account

Current account

Who are called the ancestors of modern banks.

Choose an answer

Merchant

Money Lenders

Gold Smiths

All of these

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