Question # 1

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

Scheduled Banks are registred under state bank act.

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1956

1984

1962

1932

Joint-stock company can open the following account in bank

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Fixed

Current

Saving

All the above

When was the first central bank of sub-continent established:

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1635

1732

1835

1935

When were the Pakistani banks nationalized:

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1974

1984

1990

1994

How many merits of scheduled bank

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12

13

14

15

The document by which the people are invited to buy the shares of bank is called

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Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

Which of the following is provided to customer for opening the profit and loss term deposit account

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Cheque bank

Pay-in-slip

Pass book

Fixed deposits receipt

Main parties of promissory note are

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One

Two

Three

Four

In case of negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

Which of the followign cannot open account in a bank.

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Lunatic

Minor

Parda Nasheen woman

All of these

Negotiable credit instrument.

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Control credit

Stop credit

Create credit

None of these

Whihc of the following is the most elastic method for issuing notes.

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Fix fiduciary system

Minium Reserve system

Proportional Reserve system

None of these

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

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

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