Question # 1

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

Which of the following relationships occurs if a customer deposits his money in a bank

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Bank as a debtor and customer as a creditor

Bank as a creditor and customer as a debtor

Bank as an agent and customer as a principle

Bank a modarib and customer as an aamal

Sate Bank of Pakistan advises the federal and provincial governments on following matter

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Administrative

Financial

Political

All the above

The document which reveals the ownership of goods kept on port.

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Bill of lading

Dock warrant

Railway recipt

Deliery order

The cheque which cannot be cashed on the bank counter.

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Bearer cheque

Crossed cheque

Order cheque

Both bearer and order

Scheduled Banks are registred under state bank act.

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1956

1984

1962

1932

While deposting money in your a/c you must use.

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Pay in slip

Deposit slip

Credit voucher

All of these

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

What is the number of members in the managements body of PICIC

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12

21

5

7

What is the status of an account if opened by a government institution

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A non-trading concern

An individual

A joint-stock company

A joint customer

Grace days are given to debtor for the patment of:

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Bills of exchange

Promissory note

Treasury bill

Cheque

The document acquire to convert non -scheduled into scheduled bank

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Prospectus

Debentures

By laws copy

Audited Annual Report

The person who opens a bank account is called:

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Owner of bank

Customer of bank

Employee of bank

None of them

Decrease in the value of home currency as compare to foreign currency.

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Inflation

Devalution

Deflation

All these

Money Lenders usually known as.

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Sheikh

Nawab

Seth

Debtors

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

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

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