Question # 1

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

The word Bank has been derived from the German word

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Back

Bancus

Banco

None of the above

Why commercial banks keep a certain amount of money as reserve

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Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

Which things can be accepted by bank as security at the time of granting loan

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Gold and silver

Property

Shares and debentures of company

All the above

Which of the following cannot open account in a bank

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Pargah-nasheen women

Minor or infant

Lunatic or mental patient

Non-trading concern

Bank of England and Royal Bank of Scotaland are an examples of.

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Statutory Bank

Development bank

Royal Bank

Non eof these

Which bank is called the mother of Central Banks.

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World Bank

Bank of Vence

Royal Bank of Scotland

Bank of England

The loan against which no security is kept by bank are.

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Secured loans

Unsecured loans

Demand loans

None of these

The first stage or step between importer and exporter for the purpose of sale and purchase is:

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Oath or undertaking

Agreement

Contract with bank

Issuing of L.C

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

Can open new branch without the consent of Centrla Branch.

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Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

Which bank does keep the precious articles of public into its custody

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Central bank

Industrial bank

Commercial bank

None of these

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

PICIC was established as

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Private company

Limited company

Partnership

None of the above

Modern commercial Bank are teh developed form of the Busniess of.

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Gold Smith

Merchants

Money Lenders

All these

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

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