Question # 1

The change in the address of abnk should be intimated to registar within:

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Eight days

Ten days

Eighteen days

Twenty eight days

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All the above

Who does accept the responsibility for repayment debt

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Guarantor

Personal security

Both a and b

None of the these

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

The price of one country's currency in term other country's currency is called

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Foreign currency

Traveller's L.C.

Exchange rate

None of these

The automatic delivery of banking products and services to customers through interactive electronic communication is called

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E banking

Electronic banking

Both a and b

None of these

Which of the following is provided to customer for opening the profit and loss term deposit account

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Cheque bank

Pay-in-slip

Pass book

Fixed deposits receipt

Credit money in the country is controlled by

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Central bank

Commercial bank

Industrial bank

Agricultural bank

How many features of good money market

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12

15

17

20

Bills of exchange is

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An order to pay

A request to pay

A promise to pay

All of the above

The life blood of acomemrcial bank.

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Deposits

With drawals

Liabilities

All these

The loans obtained for meeting the administrative expenses and purchase of raw material are:

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Short term loans

Medium Term lonas

Long Term lonas

All of the above

The nature of money market in Pakistan.

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Under developed

Developed

Dualistic nature

None of these

It is the duty of the bank to.

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Honor cheque

Keep secrecy

Safe custody

All these

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

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Bank

Account Holder

Government

All these

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

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