Question # 1

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

Which of the following is a non-commercial letter of credit

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Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

Whose role is consitered important in the beginning of cheque:

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Three

Merchants

Goldsmiths

Money lenders

Which of the following banks performs its functions according to the instructions of central bank

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Foreign bank

Scheduled bank

Non-scheduled bank

All the above

How many functions of money market

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10

12

11

15

When was the "Bank of Venice" established:

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1127

1147

1157

1187

How many benefits of customers

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5

6

7

8

Commercial bank can be

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Scheduled

Foreign

Non Sheduled

All these

The loans which can be demanded back by bank at any time are.

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Short term loans

Medium Tem loans

Long term loans

Demand loans

The person who accepts the bill of exchang is.

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Debtor

Drawer

Payee

None of these

The person in whose favour the rights of recieving the amount of cheque transferred:

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Endorser

Payee

Endorsee

All of the above

Money Lenders usually known as.

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Sheikh

Nawab

Seth

Debtors

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

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

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