Question # 1

Important source of income for Bank.

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Deposits

Current Account

Saving account

Issued loans

Official empowered by theGovt. attest the negotiable instruments by his seal.

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Gazette officer

Notary public

Public attorney

None ofthese

A mechanism by which international indebtedness is settle dbetween one country and another.

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Indebtedness

Foreign Debts

Foreign exchange

All these

When a bank accepts real estate as security by way of mortgage then it is called

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Aamal

Zarib

Mortgager

Mortgagee

The word IOU means.

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I am your creditor

I am your debtor

I am your friend

None of these

Commercial Bank is a factory of creating credit.

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Crowther

Gilbert

Reynold

H.I.Heart

A blind person can open account with bank.

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Current account

Fixed deposit account

Saving account

All the above

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All the above

the nature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

Postal order is the example of.

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Negotible credit instrument

Cash instruent

Non negotiable credit instrument

None of these

Which of the following relationships occurs if a customer deposits his money in a bank

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Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

An account holder does not need to write a cheque to withdraw money from following account

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Saving account

Fixed deposit account

Current account

None of the above

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

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

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