Question # 1

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Banking companies ordinace is

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1962

1984

1932

1694

Which of the following is a valid method of receiving payment from debtors.

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Debit card

Credit card

ATM card

Cash

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

The current account nd saving account is also called

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Sight deposits

Chequing account

Demand deposits

All of these

To make payments of variable amounts to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

Clearing House system

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

United Bank Ltd. was formed on.

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1959

1949

1694

1957

Commercial bank create money.

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Metallic

Credit

Paper

All these

For commercial banks deposits are.

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Assets

Liabilities

Income

Expense

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

Quaid -e-Azam opened his bank account in.

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ABL

MCB

HBL

NBP

Why commercial banks keep a certain amount of money as reserve

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Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

The commercial banks may be:

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Scheduled

Non-scheduled

Foreign

All of the above

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

Which affairs of Banks are revealed by articles of Banks.

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Internal

External

Political

Financial

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

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