Question # 1

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

What is necessary to withdraw money through ATM.

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ATM card

PIN number

ATM terminal

All of these

When a person deposits money in a bank, it is the beginning of

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Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

If an old joint stock company opens the account then a bank demands for last few years:

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Balance sheet

Annual report

Both (a) & (b)

None of the above

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

The main uses of bank funds are.

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Cash reserve

Granting loan

Issuing shares

None of these

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

Heart of Financial Structure.

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Commercial bank

Central bank

Consortium Banks

All these

Loan Create

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Monopoly

Inflation

Deposits

All the above

Grace days are given to debtor for the patment of:

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Bills of exchange

Promissory note

Treasury bill

Cheque

Which of the following is a highly marketable security

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Document of title to goods

Shares and debentures

Immovable property

All the above

Banking companies ordinace is

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1962

1984

1932

1694

What is the status of an account if opened by a government institution

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A non-trading concern

An individual

A joint-stock company

A joint customer

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

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

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