Question # 1

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

Letter of credit state a limit of.

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Credit

Time period

Bank

None of these

Market for medium and long term loans.

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Capital market

Money market

Open market

None of these

The cheque which cannot be cashed on the bank counter.

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Bearer cheque

Crossed cheque

Order cheque

Both bearer and order

What type of account is preferred by a businessman

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Saving account

Fixed deposits

Current account

Foreign currency account

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All the above

If drawer of cheque is a payee himself then what word is written after the word pay:

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Order

Bearer

Self

None of the above

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All the above

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

Which account is called non operating account.

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Current account

Saving account

Fixed account

BBA account

What type of institution a bank is:

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Financial

Social

Religious

All of the above

American express Bank is an example of.

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School Bank

Exchange Bank

Consortium Bank

None of these

Cheque is a credit instrument which is

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Negotiable

Conditionally negotiable

Non negotiable

None of the above

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

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