Question # 1

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

Main parties of promissory note are

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One

Two

Three

Four

Who are called the ancestors of modern banks.

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Merchant

Money Lenders

Gold Smiths

All of these

Crossing makes the cheque

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Acceptable

Dishonour

Safe

None of these

The market in which funds are borrowed of lent for a period of over one year.

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Money market

Capital market

Open market

None of these

Current account is suitable for

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Capitalists

Salaried persons

Business community

None of the above

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

Negotiable instruments are defined by Act.

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1881

1857

1694

1935

Under which Section Scheduled Bank can open new branch.

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Section 38

Section 39

Section 40

Section 41

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

Illiterate person provies on cheque for his indentification.

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Photograph

Birth Certificate

Thum Impression

All these

At Present the Governor of State Bank of Pakistan is.

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Dr. Ishrat Hussain

Saleem Raza

Shahid Hafiz Kardar

Shahid Mahmood Wathra

The central bank works under the rules framed by:

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Government

People

Different banks

All of the above

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

Which of the following accounts is non-transferable

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Saving account

Fixed deposit account

Current account

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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