Question # 1

On issuance of bank draft bank gets.

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Tax

Commission

Profit

Duty

Pay Order is issued by the bank when the debtor and creditor belongs to.

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Two different cities

With in same city

Two different counties

All these

Which of the following Account willbe non -remuneratation account.

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Current account

Saving Account

Fixed Deposit account

B.B.A. Account

The first central bank of indo-Pak

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Bank of Calcutta

Imperial bank

Reserve bank of India

None of the above

State Bank of Pakistan can also be called as.

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Central Bank

Reserve Bank

Monetary Authority

All the above

Electronic banking transaction Ordinance is.

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1974

2002

1984

1962

Muslims commercial Bank was established on.

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1947

1948

1951

1949

Bill in which drawer belonging to two different countries:

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Inland bill

Foreign bill

Accommodation bill

None of the above

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

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Debtor

Payee

Drawee

Acceptor

How many parties are involved in bank draft.

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Four

Three

Two

None of these

Pay-in-slip is a written evidence of:

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Transferring money

Depositing money

With draw money

All of the above

The purpose of credit card is.

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Sell goods

Control credit

Purchase goods

None of these

For commercial banks " Advancing loans' are.

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Assets

Liabilities

Expenses

All of these

Process of credit creation by

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Central bank

Commercial banks

Both of these

None of these

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

Person having an account with a bank or having some similar relation with the bank is called

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Owner

Debtor

Consumer

Customer

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

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