Question # 1

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

Credit card payments are considered.

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Cash payments

Credit payments

Both these

None of these

Which of the folloiwng is a valid method of receivig payment from debtors.

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Debit card

Credit card

ATM card

Cash

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

Pass Book is nto issued in.

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Saving Account

Fixed Deposit Account

BBA Account

Current Account

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

The nature of relation between bank and customers is:

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Deptor and creditor

Agent and principal

Bailer and bailee

All of the above

For its customers a commercial bank sells and buys:

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Foreign exchange

Property

Securities

All of the above

The money market deals in.

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promissory note

Bill of exchange

Treasury billss

All of these

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

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

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Proportional Reserve system

Min. Reserve system

Fixed fiduciary system

All of these

Which one can be crossed :

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Money order

Postal order

Credit card

All of the above

What is recieved by the post office on money order:

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Profit

Interest

Commision

All of the above

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

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