Question # 1

Beginning of Bank draft by

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Kings

Money lenders

Merchants

gold smith

The principle of note issue are.

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Currency Principles

Banking Principles

Both a and b

None of these

Which of the following nature does IOU have.

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An authograph

A monograph

A sonograph

A holograph

Which of the following is meant for presenting a summary and balance of accounts of bank customers

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Bank statement

Balance sheet

Pass book

Prospectus

Why does a bank grant loans to businessmen

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To purchase raw material

To pay wages

To pay development expenditures

All the above

Customer can withdraw money only after the expiry of fixed time

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From saving account

From current account

From fixed deposit

From all the above

What does IOU mean

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I am a debtor to you

I am a creditor to you

Both a and b

None of these

No minimum balance limit requried in.

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Current Account

Saving Account

Foreign Account

B.B.A Account

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

Stock certificates are issued by.

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Cental bank

Stock market

Limite Company

Partnership

For how many years the governor of State Bank of Pakistan is appointed:

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3 years

7 years

10 years

None of the above

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

All information of pass book is filled by.

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Bank offcials

Payee

Drawer

Account Holder

Transfer of money from one palce to another place with the help of post office.

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Cheque

Draft

Money order

None of these

Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.

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Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

Memorandum includes

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05 Clasuses

06 Clauses

10 Clauses

12 Clauses

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

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