Question # 1

What is the full form is ATM

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Automated Teller Machine

AsynchronousTransferMode

AirTrafficManagement

None of these

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

The kind of loan according to issue

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Cash credit

Discounting of bill

Mortgage loan

All of the above

The loan which can be demanded at any time are called

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Short term loans

Demand loans

Overdraft

All the above

Commercial bank advises its customers on

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Household matters

Financial matters

Political matters

All the above

Which of the following Account willbe non -remuneratation account.

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Current account

Saving Account

Fixed Deposit account

B.B.A. Account

What is meant by the principle of diversity regarding issuance of loan

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Lending only to those who can repay the debt at short notice

Lending against some material security

Lending in terms of sure repayment

Lending to different businesses or individuals

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

In Paksitan BEL, NIT and ICP are credit institutions.

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Unorganized

Specialized

Non specialized

All these

Which method is mostly used in making foreign payment

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Foreign bills of exchange

By post

By telegraph

None of these

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

Who did print the cheque in specific form for the first time or firstly:

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Imperial Bank

Bank of England

State Bank of Pakistan

None of the above

Any Co.which transact the business of banking in Pakistan.

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Chartered co.

Joint stock co.

Banking co.

All of these

Which of the following institution was converted into IDBP:

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Pakistan industrial finance corporation

Pakistan investment corporation

Industrial bank

Pakistan industrial and credit investment corporation

State Bank of Pakistan was established on.

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Tuesday Ist July 1948

Wednesday Is July 1948

Thursday Ist July 1948

Friday Ist July 1948

The various kinds of exchange rate includes.

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Official rate

Spot rate

Forward rate

All of these

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

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