Question # 1

Why does a bank grant loans to businessmen

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To purchase raw material

To pay wages

To pay development expenditures

All the above

To meet the modern banking transactions Requirements SBP introduced.

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E- Banking

Islamic Banking

Office banking

All of these

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

The Governor of SBP is oppointed for.

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Five years

Four years

Three years

Two years

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

The market where foreign moneys are bought and sold is.

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Stock market

Foreign exchang markets

Open market

None of these

Principle of advancing loan by bank are.

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Principle of income

Principle of safety

Principal of liquidity

All the above

Who can issue participation term certificates.

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Firm

Company

Cooperative society

All of these

In L.C. the other name of exporter's bank is.

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Paying bank

Advising bank

Negotiating bank

All of these

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

When was the process of Islamization of banking started in Pakistan

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1977

1980

1982

Crossing makes the cheque:

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Unsafe

Unacceptable

Safe

Acceptable

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

The money sent through post office from one country to another

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Traveller's cheque

Bank draft

Letter of credit

International money order

The transmission of following is stopped due to clearing house:

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Credit money

Metallic money

Cash money

All of the above

It is the duty of a customer to.

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Follow banking hours

Safety of cheque book

Care ful filling of cheque

All these

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

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