Question # 1

When goods are made available as security for a loan from bank.

Choose an answer

Hypothecation

Mortagage

None of these

Both a and b

Commercial Bank is a factory of creating credit.

Choose an answer

Crowther

Gilbert

Reynold

H.I.Heart

Quality of good security includes.

Choose an answer

Easy salable

Disputed

Source of expense

All these

The signature of the following is compulsory on B/E:

Choose an answer

Bank

Drawee

Drawer

Both (B) & (C)

Commercial bank can be regarded by nature as

Choose an answer

Depository bank

Central bank

Investment bank

None of the above

In these days Banks are formed under companies ordinance.

Choose an answer

1962

1932

1984

1013

Where are the stock certificates sold and bought

Choose an answer

At commercial bank

At central bank

At post office

At stock exchange

The person who opens a bank account is called:

Choose an answer

Owner of bank

Customer of bank

Employee of bank

None of them

Which of the following is a non commercial L.C.

Choose an answer

Revolving L.C.

Traveler 's cheque

Unconfirmed L.C.

Special L.C.

Drawer and drawee belongs to same country.

Choose an answer

Domestic bill

Foregin bill

Trade bill

Accommodation bill

Loan Create

Choose an answer

Monopoly

Inflation

Deposits

All the above

The life blood of acomemrcial bank.

Choose an answer

Deposits

With drawals

Liabilities

All these

The departments of State Bank of Pakistan includes.

Choose an answer

Note issuing deptt

Bankng deptt

Foreign exchange deptt

All the above

Person who recieves the amount of cheque from bank is called:

Choose an answer

Drawee

Payee

Endorsee

All of the above

The word credit has been derived from a latin word.

Choose an answer

Credo

Credere

Creditor

None of these

Who started the use of bank draft:

Choose an answer

Kings

Merchants

Money lenders

Goldsmiths

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

Choose an answer