Question # 1

Non -Scheduled banks are formed under.

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Sole trader ship

Firm

Joint Stock Co.

Co-operative society Act

Main uses of bank funds are

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Advancing loans

Direct investment

Both a and b

None of these

The important (basic) kinds of accounts opened in commercial banks are:

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Two

Three

Four

countless

The banks under special ordinance are formed:

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By the president of any bank

By the president of world bank

By the president of a country

All of the above

If a credit card is lost, what should the holder do.

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Report to employer

Report to bank

Report to insurance co.

All the above

The main sources of a bank funds are.

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Deposits

Bank own funds

Both a and b

None of these

To make regular payments of a fixed amount to a stated A/c

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Direct Debit

Standing order

Inter bank transfer

All of these

Term dishonoring of cheque is used when

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Bank refuses to pay

Bank stops the payments

Bank delay the payments

Bank gives cheque to clearing house

Long term loan period is consisted of:

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Days

Months

Years

All of the above

A person in whose favour the rights of bill are transferred is called

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Drawer

Payee

Endorsee

All of the above

In Pakistan before 1974 commercial Banks were formed under.

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Co's act 1932

Co's Act 1913

Co's Act 1984

None of these

ATM is used to withdraw money from the

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Branch of bank in which we have the account

Any branch of concerned bank

Other banks

All the above

the card which can be used to pay for goods purchased.

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ID card

Credit card

Chrage card

Gurantee card

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

Adjusting a debit balance against a credit balance by the bank is called.

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Balancing

Adjustment

Setting off

All these

Who can issue participation term certificates.

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Firm

Company

Cooperative society

All of these

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

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