Question # 1

Amount of crossed cheque is recieved:

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From bank's counter

Issueing new cheque

From bank's manager

None of the above

Which of the following parties of a letter of credit is called beneficiary

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Importer

Exporter

Opening bank

Advising bank

Centrak Bank Act as Lender of Last Resort to.

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Scheduled Bank

Foreign Bank

Non-Sheduled bank

All the above

The life blood of acomemrcial bank.

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Deposits

With drawals

Liabilities

All these

How many merits of scheduled bank

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12

13

14

15

How many parties are involved in bank draft.

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Four

Three

Two

None of these

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

The payment of draft is made on.

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Sight

Demand

By psot

Phone call

In Pakistan "ATM' was first of an introduced Ltd.

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Habib Bnak Ltd.

Allied Bank Ltd.

Muslim Commercial Bank Ltd.

National Bank of Pakistan.

Bank draft is a credit instrument.

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Negotiable

Non negotiable

Unreadable

None of these

If the rate of interest (profit) on the bank deposits is higher then the banks keep:

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Less cash reserve

Less margin rate

More cash reserve

None of the above

State Bank of Pakistan issues to scheduled banks for dealings in foreign exchange

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Statement

License

Certificate

All the above

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

Negotiable credit instrument do not include.

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Bank draft

Cheque

Postal orders

Treasury bill

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

Cheque book is not use in.

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Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

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

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