Question # 1

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

The amount (capital) recieved by bank after issuing shares is called:

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Reserve capital

Paid up capital

Autherized capital

Issued capital

Which of the following terms is used regarding the confirmation of death of bank customer

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Stopped account

Cancelled account

Deceased account

Closed account

Parties involved in postal order

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Two

Three

Four

Five

Which party of the L.C. is called beneficiary.

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Opening bank

Buyer

Exporter

Ex porter's bank

Which document indicates the authority and limitation of bank

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Memorandum

Articles

Certificate of incorporation

Prospectus

Institutions of money market in Pakistan.

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Central Bank

Commercial Bank

Specialized institutions

All of these

Alternation in cheque must be singed by.

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Payee

Debtor

Drawer

All of these

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

In Pakistan the bank nationalized Act is.

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Act 1956

Act 1932

Act 1962

Act 1974

Who can endorse the cheque:

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Holder of cheque

Drawer of cheque

Both A & B

None of these

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

Married women can open following account in bank:

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Saving account

Current account

Fixed amount

All of the above

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

What are the objectives of monetary policy

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Stability in price

Exchange stability

Stability in capital market

All of the above

For its customers a commercial bank sells and buys:

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Foreign exchange

Property

Securities

All of the above

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

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