Question # 1

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

The person who is committed to manager the property of other.

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Trustee

Bailee

Morggagee

None of these

Illiterate person provies on cheque for his indentification.

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Photograph

Birth Certificate

Thum Impression

All these

Rate of interest in case of fixed deposit is

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Low

High

Both

None of the above

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

The amount of money in the amount of account holder is called:

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Profit

Interest

Deposit

Loan

It is the duty of a customer to.

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Follow banking hours

Safety of cheque book

Care ful filling of cheque

All these

Which is demanded by a bank at the time of opening new account

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Birth certificate

Source of income

Educational qualification

All of the above

Which of the followign cannot open account in a bank.

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Lunatic

Minor

Parda Nasheen woman

All of these

The customer who keep his precious articles in bank for safe custody

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Bailer

Creditor

Debtor

Morgagagers

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

A customer places his valuables with thebank for safe custody is called.

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Debtor

Bailor

Bailee

Creditor

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

Termination of banker relatinship by the customer due to.

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Change of place

Death of customer

Poor services

All of these

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Principles of Banking Icom Part 2 English Medium Chapter 6 Online Test MCQs With Answers

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