Question # 1

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

Cheque signed by drawer without filling is called

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Plain

Blank

Open

Traveller's cheque

How many benefits of economy

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2

3

4

5

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

Beginning of cheque by.

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Gold smiths

Merchants

Kings

Money lenders.

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

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

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

How many benefits of customers

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5

6

7

8

The central bank works under the rules framed by:

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Government

People

Different banks

All of the above

Loan Create

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Monopoly

Inflation

Deposits

All the above

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

Overdraft is also knonw as.

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Cash Credit

Running finace

Cash finance

All the above

State Bank of Pakistan Amendment Act is.

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1932

1997

1962

1956

Which method of note issue is prevailing in Pakistan after 1965

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Min. Reserve System

Proportional system

Fixed Fiduciary system

None of the above

The forms of cash reserve of commercial bank:

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Cash in hand

Reserve with central bank

Recievable from other banks

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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