Question # 1

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

Stock exchange marketin Pakistan.

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LSE

KSE

ISE

All of these

Bank Provide finance on the basis of Mudarba Act as.

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Aamil

Mudarib

Debtor

None of these

Which of the following institution was working before the establishment of ADBP

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Agricultural development finance corporation

Agricultural development bank

Both a and b

None of the above

Who used to tak gold and precfious metal as safe custody.

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Merchants

Kings

Money Lenders

Gold Smiths

Bill brokers and discount houses work in.

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_{Open market}

Capital market

Money Market

None of these

Commercial bank is factory of creating credit.

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Crowther

Gilbert

Reynold

H.I .Heart

Illiterate person provides to bank for his identification

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Birth certificate

Impression of thumb

Photograph

All the above

Which is the secondary function of a commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

all of these

Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue

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5%

10%

30%

100%

It is necessary for scheduled bank to

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Act on the instructions of central bank

Submit report to central bank

Get the books checked

Al 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

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

Which of the following customers does not have more rights on bank:

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Individual customer

Joint customer

Minor customer

All have the same

Over draft facility is only provided on:

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Current account

Fixed deposit

Saving account

All of the above

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

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