Question # 1

The person who opens a bank account is called:

Choose an answer

Owner of bank

Customer of bank

Employee of bank

None of them

The transmission of following is stopped due to clearing house:

Choose an answer

Credit money

Metallic money

Cash money

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

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

Choose an answer

Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

Cheque is a credit instrument.

Choose an answer

Partial negotiable

Negotiable

Non negotiable

None of these

The word Bank has been derived from the German word

Choose an answer

Back

Bancus

Banco

None of the above

Which things can be accepted by bank as security at the time of granting loan

Choose an answer

Gold and silver

Property

Shares and debentures of company

All the above

Institutions of money market in Pakistan.

Choose an answer

Central Bank

Commercial Bank

Specialized institutions

All of these

PICIC was established as

Choose an answer

Private company

Limited company

Partnership

None of the above

Drawee of the bank draft is a

Choose an answer

Bank which issues a draft

Bank on which the draft is drawn

Payee of draft

Sender of amount by draft

An increase in the reseve requirement causes.

Choose an answer

More credit Creation

Less Credit Creation

Stop credit creation

None of these

On which of the following amount of overcraft, bank receives interest:

Choose an answer

Fix

Total

Used

All of the above

The bill of exchange who's tenor is more than three month is.

Choose an answer

Sight bill of exchange

Foreign bill exchnage

Long bill exchange

Short billof exchange

Grace days are given to debtors for payment.

Choose an answer

3 days

4 days

5 days

6 days

The demand for and supply of foreign exchange is regulated by.

Choose an answer

Central bank

World bank

Commercial bank

All of these

Overdraft is also knonw as.

Choose an answer

Cash Credit

Running finace

Cash finance

All the above

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