Question # 1

Following is an example of Non-Operating Account.

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Current Account

Fixed Deposit Account

Foreign Currency A/c

Saving Account

Who can issue participation term certificates

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Firm

Company

Cooperative society

All the above

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

Which 0f the following is the objective of central bank.

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Economic Development

Helping govt.

Welfare of Economy

All the above

Central bank provides the following facility to scheduled banks:

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Feast

Godown

Clearing house

None of the above

Example of marketble security are.

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Debentures

Shares

Postal order

Both a and b

The nature of money market in Pakistan.

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Under developed

Developed

Dualistic nature

None of these

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

Certain Percentage of Gold to issue currency notes.

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Fixed Fiduciary method

Proportionate Reserve

Min. Reserve system

None of these

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

Commercial Bank is a factory of creating credit.

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Crowther

Gilbert

Reynold

H.I.Heart

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

Draft Drawn and paid in two differnet countries is called.

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Foreign draft

Demand draft

Local draft

None of these

Which of the following takes responsibility to manage the property of another

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Trustee

Bailee

Mortgagee

All the above

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

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

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