Question # 1

Manage the internal affairs of Bank.

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Prospectus

Memorandum

Articles

All of these

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

Main parties of promissory note are

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One

Two

Three

Four

The bank that makes payment to the exporter after receiving L.C. is called.

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Advising bank

Informatory bank

Paying bank

All of these

When was the "Bank of Venice" established:

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1127

1147

1157

1187

Which of the followig is not an example of Plastic money.

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Debit card

ATM card

Credit card

Currency notes

When two or more persons open an account under a single title is called.

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Joint Account

Single title account

B.B.A. Account

None of these

Commercial bank can be

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Scheduled

Foreign

Non Sheduled

All these

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Formula for calculating total credit creation:

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New deposit x 1/Reserve ratio

New deposit x Reserve ratio/1

Reserve ratio x 1/New deposit

None of the above

When the State Bank of Pakistan came into existence

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1947

1948

1949

1970

When was Islamic Banking System introduced in Pakistan:

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1970

1972

1981

1982

Which of the following is used to finance the people who want to travel abroad

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Traveller's letter of credit

Traveller's cheque

Circular note

All the above

Why commercial banks keep a certain amount of money as reserve

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Meeting the requirements of customers

Meeting the requirements of central bank

Acquiring the satisfaction of having cash

Expanding the banking business

Bank of England was established in.

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1494

1694

1920

1668

The Lady Phd.Governors of State Bank of Paksitan inclued.

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M. Yaqoob

Ishrat Hussain

Shamshad Akhtar

All of these

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

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