Question # 1

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

What kinds of business does a commercial bank do

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Accepts deposits and advances loans

Issues currency notes

Re-discounts the bills of exchange

All the above

Money market is market of loans for.

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Long term

Short term

Medium term

None of these

Nature of Bank Accounts also help in determining the ratio of.

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Cash Reserve

Capital

Partnership

None of these

When the State Bank of Pakistan came into existence

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1947

1948

1949

1970

When ADFC came into existence

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1951

1961

1965

1970

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

The following is not used in E-Banking

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Credit card

Debit card

Cheque

All the above

Services provided by on line banking

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Depositing the money into the account

Withdrawal the money from bank

Transfer of money

All the above

The person who accept the of billof excange on behalf of drawee is called.

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Debtor

Payee

Drawee

Acceptor

Cheque signed by drawer without filling is called

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Plain

Blank

Open

Traveller's cheque

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

The products of E-Banking are.

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ATM cards

Credit cards

Debt cards

All of these

In case of inflation Bank rate.

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Constant

Decreases

Increases

None of these

Muslims commercial Bank was established on.

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1947

1948

1951

1949

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

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