Question # 1

Saving account can be opened by:

Choose an answer

An individual

A group of persons

The institutions

All of the above

What percentage of total assets a scheduled bank is bound to keep within the country

Choose an answer

60%

70%

80%

90%

The statement of Pakistan was inaugurated by:

Choose an answer

Liaqat-Ali-Khan

Abdul-Rub-Nishar

Quaid-e-Azam

Nawaz-Sharif

Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.

Choose an answer

Rs. 05 million

Rs. 06 million

Rs. 10 Billion

Rs. 07 billion

The kind of commercial letter of credit includes.

Choose an answer

Revocable L.C.

Unconditional L.C.

Confirmed L.C.

All of these

Customer can with draw money only after the expiry of fixed time:

Choose an answer

From saving account

From current account

From fixed deposit

From all of the above

Which type of loan is advanced by commercial banks for meeting day-to-day requirements:

Choose an answer

Short term loan

Medium term loan

Long term loan

All of the above

How many merits of debit card

Choose an answer

5

6

7

8

The main characteristics of bank draft.

Choose an answer

Written

On demand

Certain payment

All of these

Three grace days are given to debtors for payment.

Choose an answer

Bill of exchange

Promissory note

Bank draft

All of these

The document by which the people are invited to buy the shares of bank is called

Choose an answer

Memorandum of bank

Articles of bank

Certificate of incorporation

Prospectus of bank

Which of the following cannot open account in a bank

Choose an answer

Pargah-nasheen women

Minor or infant

Lunatic or mental patient

Non-trading concern

The person who draws the bill is called.

Choose an answer

Debtor

Drawee

Drawer

Acceptor

Written evidence of depositing money into bank.

Choose an answer

Cheque book

Pay in Slip

Pas Book

None of these

Which bank is called the mother of Central Banks.

Choose an answer

World Bank

Bank of Vence

Royal Bank of Scotland

Bank of England

Can open new branch without the consent of Centrla Branch.

Choose an answer

Scheduled Bank

State Bank of Pakistan

Non -Scheduled Bank

Bank of England

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer