Question # 1

Orverdraft facility is not allowed to.

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Minor

Lunatic

Parda Nasheen woman

Both b and c

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

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Credit card

pay order

Bank Draft

All of these

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

when customer deposit his money in bank he become.

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Debtor

Bailer

Mortageger

Creditor

Termination of banker relatinship by the customer due to.

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Change of place

Death of customer

Poor services

All of these

Why does it necessary for a customer t sign the specimen signature card

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To match with the signatures when cheque is presented for payment

To make exercise of signatures

To complete documentary requirements

To obtain new cheque book

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

Which Fiqah does allow the deduction of Zakat in the application form of account opening

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Hindu

Shia

Sunni

None of the above

Saving account can be opened by:

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An individual

A group of persons

The institutions

All of the above

Saving accounts encourage the habit of saving among

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Low income persons

Investors

Business people

All of the above

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

Account suitable for business woman.

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Current account

Saving account

Fixed deposite account

All these

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

It is the right of the bank to.

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Right to lien

Charge of services

Right of setting off

All these

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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