Question # 1

Quality of good security includes.

Choose an answer

Easy salable

Disputed

Source of expense

All these

The draft which is drawn and paid in two different countries.

Choose an answer

Inland draft

Ordered draft

Foreign draft

Home draft

Can open new branch without the consent of Centrla Branch.

Choose an answer

Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

The person who endorse the bill of exchange in called.

Choose an answer

Endorser

Trustee

Enddorser

Drawee

Which bank was formed under the royal order

Choose an answer

Bank of Venice

State Bank of Pakistan

Bank of Barsolona

Chartered bank of England

Which bank is called the mother or central banks

Choose an answer

Reserve bank of India

Bank of England

State Bank of Pakistan

Bank of Venice

Negoitable credit instruemnts includes

Choose an answer

Bank darft

Postal order

I.O.U

Money order

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

Choose an answer

Consumer

Zarib

Aamal

None of the above

The main uses of bank funds are.

Choose an answer

Cash reserve

Granting loan

Issuing shares

None of these

Money Lenders usually known as.

Choose an answer

Sheikh

Nawab

Seth

Debtors

Central Bank provide the facility to Scheduled Banks.

Choose an answer

Rediscounting Bills

Clearing House

Transfer of Money

All the above

What is the nature of credit instrument IOU

Choose an answer

An autograph

A monograph

A holograph

A sonograph

Deposits create

Choose an answer

Inflation

Loan

Monopoly

All the above

Which bank does accept the deposits from public

Choose an answer

Commercial bank

Central bank

Foreign exchange bank

All the above

Bank draft is an order

Choose an answer

Of court

Conditional

Unconditional

Of government

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