Question # 1

When a person deposits money in a bank, it is the beginning of

Choose an answer

Bank and customer business

Bank and customer relationship

Lending and borrowing between bank and customer

Relation of confidence and trust

Account suitbale for business woman.

Choose an answer

Current account

Saving account

Fixed deposit account

None of these

When bank provides finance to its customer under an agreement of Modaraba, the customer becomes

Choose an answer

Consumer

Zarib

Aamal

None of the above

A trustee is the:

Choose an answer

Owner of property

Care taker of property

Mortgagee of property

None of the above

The bank can cover the loan by selling out the.

Choose an answer

Capital

Credit card

Security

None of these

Which of the following cannot open account in a bank

Choose an answer

Pargah-nasheen women

Minor or infant

Lunatic or mental patient

Non-trading concern

The bank of charges interest on.

Choose an answer

Deposits

Overdraft

Running finace

Both b and c

Married women can open following account in bank:

Choose an answer

Saving account

Current account

Fixed amount

All of the above

What is the status of an account if opened by a government institution

Choose an answer

A non-trading concern

An individual

A joint-stock company

A joint customer

Teh value of security should be more than.

Choose an answer

Market value

Cost value

Amount of loan

None of these

The loan given against some security are known as.

Choose an answer

Unsecured loans

Demand loans

Secured loans

All the above

The main uses of bank funds are.

Choose an answer

Cash reserve

Granting loan

Issuing shares

None of these

The amount of loan should be less than.

Choose an answer

Value of security

Market value

Face value

Hidden value

Which of the following customers does not have more rights on bank:

Choose an answer

Individual customer

Joint customer

Minor customer

All have the same

Principle of advancing loan by bank are.

Choose an answer

Principle of income

Principle of safety

Principal of liquidity

All the above

The document which reveals the ownership of goods kept on port.

Choose an answer

Bill of lading

Dock warrant

Railway recipt

Deliery order

More Classes

Other Links

Principles of Banking Icom Part 2 English Medium Chapter 7 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer