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

Question # 1

Which document a joint stock company has to provide at the time of opening account with bank

Choose an answer

Copy of bye-laws

Audited annual report of company

Certificate of incorporation

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Question # 2

Orverdraft facility is not allowed to.

Choose an answer

Minor

Lunatic

Parda Nasheen woman

Both b and c

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Question # 3

Customer can with draw money only after the expiry of fixed time:

Choose an answer

From saving account

From current account

From fixed deposit

From all of the above

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Question # 4

A contractual relationship between bank and its customers.

Choose an answer

Debtor

Principal

Bailor

All of these

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Question # 5

When was Islamic Banking System introduced in Pakistan:

Choose an answer

1970

1972

1981

1982

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Question # 6

What is common between bank and customer.

Choose an answer

Account No.

Sereial No

Drawee

Cheque No

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Question # 7

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

Choose an answer

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

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Question # 8

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

Choose an answer

Bank

Account holder

Government

All of the above

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Question # 9

The money deposited in the bank is considered by a customer as

Choose an answer

Asset

Liability

Investment

Saving

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Question # 10

Which of the following is not a right of a bank.

Choose an answer

Charge commission

Close account without notice

Charge interest on O/D

None of these

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Question # 11

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

Choose an answer

Profit

Interest

Deposit

Loan

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Question # 12

It is the duty of the bank to.

Choose an answer

Honor cheque

Keep secrecy

Safe custody

All these

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