Question # 1

Popular types of loan issued by the bank according to term are

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Two

Three

Four

Five

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

The following is not used in E-Banking

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Credit card

Debit card

Cheque

All the above

Promissory note means a:

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Promise to pay fixed amount on fixed date

Promise to pay currency notes on fixed date

Promise to pay goods on fixed date

All of the above

The numebr of parties in a cheque are.

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Two

Five

Four

Three

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

Head of any government institution can open account with a bank in the capacity of

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Consumer

Principal

Employee

None of the above

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

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

What type of account is preferred by a businessman

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Saving account

Fixed deposits

Current account

Foreign currency account

Official empowered by theGovt. attest the negotiable instruments by his seal.

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Gazette officer

Notary public

Public attorney

None ofthese

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

A represntative handed over cheques to other banks are called.

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Outwaard clearing

Direct cheaning

Inward Clearing

Indirect Clearing

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

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

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