Question # 1

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

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Bank

Account Holder

Government

All these

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

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Bill of lading

Dock warrant

Delivery order

Railway receipt

Which of the following is a non-commercial letter of credit

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Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

The central bank works under the rules framed by:

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Government

People

Different banks

All of the above

Non -Scheduled bank menas a bank which is not registred with.

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Stock Exchange

World Bank

Central Bank

Scheduled bank

If Central Bank wants to increase the quantity of money in country it.

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Sells securities

Purchase securities

Create Credit

All the above

Bank draft is always in the form of.

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Hand written

Printed

Stamp paper

None of these

Which document indicates the authority and limitation of bank

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Memorandum

Articles

Certificate of incorporation

Prospectus

Pakistan's central bank was established in:

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1947

1948

1949

1950

The person who draws the bill is called.

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Debtor

Drawee

Drawer

Acceptor

The example of non commercial letter of credit.

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Red clause L.C.

Green clause LC.

Traveler's L.C.

Documentary L.C.

What is meant by margin requirement

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To advance loan less than the value of security

To give less amount as interest than the amount of loan

To advance more loan than the value of security

To advance loan equal to the value of security

Where is the head office of ZTBL

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Karachi

Lahore

Peshawar

Islamabad

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

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Profit

Interest

Deposit

Loan

What is written on the leaf of a cheque about customer

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Name

Address

Telephone number

Account number

Example of consortium Bank.

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SBP

Orion Bank

MCB

NBP

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

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