Question # 1

Person gets finance from bank in terms of Mudarba Act as

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Mudarib

Creditor

Aamil

None of these

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

A form of written agreement between the customer and his bank is.

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Cheque book

Bank Statement

A/c opening form

Pass book

Rate of interest in case of fixed deposit is

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Low

High

Both

None of the above

It is the right of a customer to.

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Draw cheque

Receive pass book

Receive cheque book

All these

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

A pass book is issued to:

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Current accountholder

Saving accountholder

Both A & B

None of the above

What is common between bank and customer

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Account no.

Cheque no.

Serial no

Drawee

The person who pledges the goods with the banker as security is called.

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Pledgee

Mortagager

Pledger

Mortagagee

Which bank account is exempted from income tax and zakat:

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Saving account

Fixed deposit

Foreign currency account

All of the above

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

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

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Debtor

Bailor

Bailee

Creditor

Pay-in-slip is a written evidence of:

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Transferring money

Depositing money

With draw money

All of the above

Customer can withdraw money only after the expiry of fixed time

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From saving account

From current account

From fixed deposit

From all the above

An account holder does not need to write a cheque to withdraw money from following account

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Saving account

Fixed deposit account

Current account

None of the above

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

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Bank

Account holder

Government

All of the above

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

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