Question # 1

Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.

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12th

13th

14th

15th

Long term loan is advanced against the following security:

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Non-material

Material

Personal

All of the above

A Modarba may by for

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Specific or multi purpose

Perpetual

Specific period

All the above

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

Stock exchange marketin Pakistan.

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LSE

KSE

ISE

All of these

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

Who is responsible for loan in case of joint customer:

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All partners of persons

Person having authority to deal with bank

Active partner

None of the above

Example of marketble security are.

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Debentures

Shares

Postal order

Both a and b

If the demand of any country's currency increases then rate of exchange becomes

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Favorable

Unfavorable

Both a and b

None of these

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

If there is no guarantee to honour a letter of credit then it is called:

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Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

Under Islamic modes of financing, lending includes

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Service charges

Qarze-Hasna

Both a and b

None of the above

Bank of England was established in.

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1494

1694

1920

1668

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Where are the stock certificates sold and bought

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At commercial bank

At central bank

At post office

At stock exchange

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

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