Question # 1

Following is an example of Non-Operating Account.

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Current Account

Fixed Deposit Account

Foreign Currency A/c

Saving Account

All information of pass book is filled by.

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Bank offcials

Payee

Drawer

Account Holder

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

Account example from Zakat and Tax

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B.B.A. Account

Current account

Foreign Currency Account

None of these

Parties involved in cheque.

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Account Holder

Bank

Payee

All these

Account Suitable for businessmen

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Saving account

Fixed Account

PLS account

Current Account

Account suitable for salaried person.

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Fixed Deposit account

Current Account

Saving Account

Term Deposit Account

How many merits of scheduled bank

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12

13

14

15

In Pakistan Islamic Banking system was introduced in .

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1974

1981

1984

None of these

In Islamic banking overdraft means.

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Debit balance

Running finance

Favorable balnce

Nil Balance

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

A Joint Stock company opens the account in the bank.

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Saving Bank

Current Account

B.B.A. Account

Term Deposit Account

What is the example of non scheduled bank

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Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

Who does get the benefit of opening an account in bank.

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Bank

Account Holder

Government

All these

In Case of Fixed Deposit the rate of intrest is.

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Constant

High

Low

None of these

Which of the following banks performs its functions according to the instructions of central bank

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Foreign bank

Scheduled bank

Non-scheduled bank

All the above

Scheduled bank is registered under state bank of Pakistan Act

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1965

1956

1950

None of the above

In moderan Banking introductory reference is not required in.

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Current account

Saving Account

B.B.A. Account

All these

It is necessary for scheduled bank to

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Act on the instructions of central bank

Submit report to central bank

Get the books checked

Al the above

The following bank can open its branch in foreign country

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Scheduled bank

Non-scheduled bank

Both a and b

None of the these

The slip which is used to deposit money into bank account.

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Deposit slip

Pay in slip

Credit voucher

All these

Amount with drawn from Bank without using cheque.

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ID Card

VISA card

ATM and Debit Card

Credit Card

Another name of fixed deposit receipt is.

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Term Deposit receipt

Capital receipt

Cash Deposit receipt

Revenue receipt

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Principles of Banking Icom Part 2 English Medium Chapter 5 Online Test MCQs With Answers

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