Question # 1

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

Parties involved in postal order

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Two

Three

Four

Five

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Drawee fo bills of exchange is a person

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Who receives the amount of bill

On whom the bill is drawn

Who accepts the bill

In whose favour the bill is transferred

The bills of exchange which is paid after the expiry of fixed period of time called

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Accommodation bill

Sight bill

Time bill

All of the above

What is recieved by the post office on money order:

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Profit

Interest

Commision

All of the above

Bank Should advance loan to only those who are storng.

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Domestically

Socially

Financially

None of these

In L.C. the other name of exporter's bank is.

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Paying bank

Advising bank

Negotiating bank

All of these

Bank draft onece issued can not be.

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Honored

Dishonored

sent

Paid

In Case of Fixed Deposit the rate of intrest is.

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Constant

High

Low

None of these

Which of the following is not an example of plastic money

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Debit card

ATM card

Currency notes

Credit card

A Modarba may by for

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Specific or multi purpose

Perpetual

Specific period

All the above

The change in the address of abnk should be intimated to registar within:

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Eight days

Ten days

Eighteen days

Twenty eight days

Non- Scheduled banks are formed under co-opeative society Act.

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1932

1925

1984

1911

An account holder does not need to write a cheque to withdraw money from following account

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Saving account

Fixed deposit account

Current account

None of the above

Central bank is owned by

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Public

Government

Commercial baks

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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