Question # 1

Market for medium and long term loans.

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Capital market

Money market

Open market

None of these

Quantitive methods are contral on

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Banks

Currency

Govt.

Public

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

Market for shor term loans.

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Money market

Capital market

Open market

All of these

The quantitative methods of credit control are in nature.

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General

Selective

Optional

None of these

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

When was ADBP established

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1957

1961

1963

1965

The person who draws the bill is called.

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Debtor

Drawee

Drawer

Acceptor

PICIC was established as

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Private company

Limited company

Partnership

None of the above

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

United Bank Ltd. was formed on.

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1959

1949

1694

1957

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 of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

Specialized credit institutions includes.

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BEL

NIT

ICP

All of these

Drawee fo bills of exchange is a person

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Who receives the amount of bill

On whom the bill is drawn

Who accepts the bill

In whose favour the bill is transferred

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

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