Question # 1

Adjusting a debit balance against a credit balance by the bank is called.

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Balancing

Adjustment

Setting off

All these

Joint Stock Company can open only.

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Fixed deposited account

Saving account

B.B.A . Account

Current account

A pass book is issued to:

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Current accountholder

Saving accountholder

Both A & B

None of the above

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 with draw money only after the expiry of fixed time:

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From saving account

From current account

From fixed deposit

From all of the above

A contractual relationship between bank and its customers.

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Debtor

Principal

Bailor

All of these

It is the right of the bank to.

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Right to lien

Charge of services

Right of setting off

All these

Maintenance of minimum balance is not required in

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Current account

Basic banking account

Saving account

None of these

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

Account Suitable for business woman

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Current Account

Saving account

Fixed deposited account

All these

Which of the following accounts is non-transferable

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Saving account

Fixed deposit account

Current account

None 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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