Question # 1

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

The principle of not issue is

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Currency principle

Discount rate principle

Bank rate principle

All the above

A bill which can be rediscounted from central bank

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Sight bill

Time bill

Both a and b

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

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

How many merits of scheduled bank

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12

13

14

15

The more increase in exchange rate for a country under gold standard is called

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Lower specie point

Middle specie point

Upper specie point

None of the above

Scheduled bank is bound to keep with the Country.

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80% of Total Assets

60% of Total Assets

40% Total Assets

20% Total Assets

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

Choose the correct institutions in money market in Pakistan

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State bank of Pakistan

Specialized credit institutions

Commercial banks

All of the above

Participation term certificate are issued by.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society

What % of shares of IDBP was held by the Govt. at the time of its establishment:

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49%

50%

51%

55%

What is meant by margin requirement

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To advance loan less than the value of security

To give less amount as interest than the amount of loan

To advance more loan than the value of security

To advance loan equal to the value of security

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

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

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