Question # 1

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

The transmission of following is stopped due to clearing house:

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Credit money

Metallic money

Cash money

All of the above

Retirement of bill means

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Payment of bill before due date

Dishonoring of bill due to non-payment

Protesting of bill

Dishonoring of bill due to non-acceptance

Which bank is called the mother or central banks

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Reserve bank of India

Bank of England

State Bank of Pakistan

Bank of Venice

The important types of banker's letter of credit:

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Two

Three

Four

None of these

If there is no gurantee to honour the L.C. It is called.

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Documentary L.C.

Revolving L.C.

Back to back L.C.

Unconfirmed L.C.

When the State Bank of Pakistan came into existence

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1947

1948

1949

1970

Bank draft is an order

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Of court

Conditional

Unconditional

Of government

Capital market does not deal in.

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Debentures

Treasury bills

Bonds

Shares

Which of the followingis highly marketable security.

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Documents of title

Goods and produce

Shares and debentures

all the above

Drawee of the bank draft is a

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Bank which issues a draft

Bank on which the draft is drawn

Payee of draft

Sender of amount by draft

Increase in ratio of cash reserve of scheduled banks.

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Increase of credit creation

Stop credit creation

Decreased in credit creation

None of these

State Bank of Pakistan Act is.

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1956

1932

1962

1984

Bank Should advance loan to only those who are storng.

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Domestically

Socially

Financially

None of these

Important source of income for Bank.

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Deposits

Current Account

Saving account

Issued loans

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

None of these

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

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