Question # 1

Account suitbale for business woman.

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Current account

Saving account

Fixed deposit account

None of these

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

Which of the following theories is associated with the working of international gold standard

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Mint par parity theory

Purchasing power theory

Balance of payments theory

All of the above

Whose role is consitered important in the beginning of cheque:

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Three

Merchants

Goldsmiths

Money lenders

Which of the following rate keeps the balance of payments in equilibrium

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Discount rate

Interest rate

Exchange rate

Market rate

Which of the following banks cannot open its new branch without the permission of central bank

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Non-scheduled bank

Scheduled bank

Chartered bank

All of the above

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

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Commercial bank

Clearing house

Central bank

Chamber of commerce

When were the Pakistani banks nationalized:

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1974

1984

1990

1994

The main objectives of foreign exchange control are.

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Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

The head office of IDB is in

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Jeddah

Islamabad

Tehran

Dubai

Which of the following is useful in facilitating trade relation between the businessmen of different countries

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Bank draft

Money order

Letter of credit

Stock certificate

How many benefits of economy

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2

3

4

5

Which method is used for the formation of bank

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Royal order

Special ordinance

Company's ordinance

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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