Question # 1

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

Choose an answer

A non-trading concern

An individual

A joint-stock company

A joint customer

Which bank was formed under the royal order

Choose an answer

Bank of Venice

State Bank of Pakistan

Bank of Barsolona

Chartered bank of England

A form of written agreement between the customer and his bank is.

Choose an answer

Cheque book

Bank Statement

A/c opening form

Pass book

IOU is a document

Choose an answer

Negotiable

Non-negotiable

Conditional negotiable

Unconditional negotiable

Which form of automated payment would be better in paying wages to employee

Choose an answer

BACS

Standing order

Direct Debit

Credit transfer

Which term is used in connection with monetary policy

Choose an answer

Bank rate

Exchange rate

Wage rate

Market rate

The person in whose favour the rights of recieving the amount of cheque transferred:

Choose an answer

Endorser

Payee

Endorsee

All of the above

Termination of banker relatinship by the customer due to.

Choose an answer

Change of place

Death of customer

Poor services

All of these

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

Choose an answer

60%

70%

80%

90%

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

Choose an answer

49%

50%

51%

55%

Amount of crossed cheque is recieved:

Choose an answer

From bank's counter

Issueing new cheque

From bank's manager

None of the above

What is necessary to withdraw money through ATM.

Choose an answer

ATM card

PIN number

ATM terminal

All of these

If Central Bank wants to increase the quantity of money in country it.

Choose an answer

Sells securities

Purchase securities

Create Credit

All the above

The kind of loan according to issue

Choose an answer

Cash credit

Discounting of bill

Mortgage loan

All of the above

Promissory note drawn by two or more persons is called

Choose an answer

Individual promissory note

Joint promissory note

Foreign promissory note

All of the above

How many benefits of economy

Choose an answer

2

3

4

5

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