Question # 1

Which of the following institution was converted into IDBP:

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Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

Which party of the L.C. is called beneficiary.

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Opening bank

Buyer

Exporter

Ex porter's bank

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

Bank of England and Royal Bank of Scotaland are an examples of.

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Statutory Bank

Development bank

Royal Bank

Non eof these

The head office of IDB is in

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Jeddah

Islamabad

Tehran

Dubai

Cheque is a credit instrument which is

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Negotiable

Conditionally negotiable

Non negotiable

None of the above

The main objectives of foreign exchange control are.

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Stablilize exchange rate

Increase Govt.Revenue

Protect domestic industires

All of these

If a credit card is lost, what should the holder do.

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Report to employer

Report to bank

Report to insurance co.

All the above

Pass Book is nto issued in.

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Saving Account

Fixed Deposit Account

BBA Account

Current Account

Bank should advance loans to those people who are strong

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Financially

Domestically

Politically

All the above

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

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Fixed

Revocable

Red clause

Green Clause

How many benefits of economy

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2

3

4

5

Second stage of formation of bank is called.

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Incorporation

Commencement

Issue of shares

Promotion

An account holder does not need to write a cheque to withdraw money from following account

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Saving account

Fixed deposit account

Current account

None of the above

The amount of money in the amount of account holder is called:

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Profit

Interest

Deposit

Loan

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

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