Question # 1

To make payments of variable amounts to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

Clearing House system

Two transverse parallel lines on the face of cheque.

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Crossingof cheque

Dishnoring of cheque

Endorsed of cheque

Retirementof cheque

The main content sof bank draft.

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bank branch

Payee

Date

All of these

Another name of fixed deposit receipt is.

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Term Deposit receipt

Capital receipt

Cash Deposit receipt

Revenue receipt

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

A Modarba may by for

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Specific or multi purpose

Perpetual

Specific period

All the above

Market for medium and long term loans.

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Capital market

Money market

Open market

None of these

Money market is a market of loans for

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Short term

Medium term

Long term

All the above

Open market operation means.

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Purchase and sale of shares

Purchases and sale of securities

Purchase and sale of assets

None of these

The amount of loan should be less than.

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Value of security

Market value

Face value

Hidden value

When were the Pakistani banks nationalized:

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1974

1984

1990

1994

Which one is the Secondary function commercial bank.

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Accept deposits

Advance loans

Collections of cheques

All these

Who is called a drawee of cheque

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Payee

Bank

Customer

Endorsee

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

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

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