Question # 1

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

Which letter of credit is issued for a single or particular transaction:

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Fixed

Revocable

Red clause

Green Clause

The purpose of using credit card is.

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Purchase goods and services

Deposit cheque

Withdraw money

Deposit cash

The main sources of bank's fund are

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Own capital

Deposits

Loan from other banks

All the above

The numebr of parties in a cheque are.

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Two

Five

Four

Three

The products of E-Banking are.

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ATM cards

Credit cards

Debt cards

All of these

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

the loans which cna be demanded back by bank at any time are called.

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Short term loans

Overdrats

Demand loans

Running Finance

Muslims commercial Bank was established on.

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1947

1948

1951

1949

When was the "Bank of Venice" established:

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1127

1147

1157

1187

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

I Owe You is a written instrument drawn by

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Trader

Debtor

Creditor

All the above

The services provided by online banking includes.

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Depositing money

Transfer money

With draw money

All of these

If a credit is lost, what shuld the holder do.

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Report to employer

report to bank

Reort to insurance co.

All the above

The commercial banks may be:

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Scheduled

Non-scheduled

Foreign

All of the above

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

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

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