Question # 1

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

Bank is asked to take care the property of his clinet is called.

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Bailee

Pawnee

Mortagagee

Trustee

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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Administrative

Financial

Political

All the above

How many minimum promoters are required to sign on an application for the registration of commercial bank

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Two

Five

Seven

Ten

The examples of short term monetary assets includes.

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Bills of exchange

Promissory note

Treasurey bill

All of these

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

Thenature of relations between banker and customers is.

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Bailer and Bailee

Agent and principal

Debtor and creditor

All the above

Certain Percentage of Gold to issue currency notes.

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Fixed Fiduciary method

Proportionate Reserve

Min. Reserve system

None of these

Which one of the following is not the preference of state bank of Pakistan

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Expansion in banking system

Control over the supply of money

Equal distribution of credit

To earn maximum profit

In Pakistan the bank nationalized Act is.

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Act 1956

Act 1932

Act 1962

Act 1974

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

The loan which can be demanded by bank at anytime:

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Overdraft

Demand loans

Bills of exchange

All of the above

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

Which is demanded by a bank at the time of opening new account

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Birth certificate

Source of income

Educational qualification

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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