Question # 1

What is recieved by the post office on money order:

Choose an answer

Profit

Interest

Commision

All of the above

In Islamic banking overdraft means.

Choose an answer

Debit balance

Running finance

Favorable balnce

Nil Balance

Methods for making foreign payments includes.

Choose an answer

Letter of credit

Foreign bills of exchange

Foreing bank draft

All of these

The main uses of bank funds are.

Choose an answer

Cash reserve

Granting loan

Issuing shares

None of these

Account Suitable for businessmen

Choose an answer

Saving account

Fixed Account

PLS account

Current Account

Bill which is drawn without any trade transcation

Choose an answer

Sight bill

Time bill

Trade bill

Accommodation bill

What percentage of total assets a scheduled bank is bound to keep within the country

Choose an answer

60%

70%

80%

90%

Because of low Reserve Ratio the credit creation power.

Choose an answer

Increases

Decreases

Constant

Zero

Example of consortium Bank.

Choose an answer

SBP

Orion Bank

MCB

NBP

Cheque book is not use in.

Choose an answer

Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

Which is the Primary functionof a commercial bank.

Choose an answer

Issue Notes

Accepting Deposits

Credit creation

None of these

Bank Provide finance on the basis of Mudarba Act as.

Choose an answer

Aamil

Mudarib

Debtor

None of these

Which affairs of Banks are revealed by articles of Banks.

Choose an answer

Internal

External

Political

Financial

Teh value of security should be more than.

Choose an answer

Market value

Cost value

Amount of loan

None of these

The letter of credit which can be endorsed to another person is called:

Choose an answer

Special L.C

Transferable L.C

Resolving L.C

None of the above

Money market is market of loans for.

Choose an answer

Long term

Short term

Medium term

None of these

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer