Question # 1

Relation between banker and customer terminates, when a :

Choose an answer

Customer becomes mad or lunatic

Customer becomes insane or mental

Customer dies

All od the above

If there is no guarantee to honour a letter of credit then it is called:

Choose an answer

Confirmed letter of credit

Irrevocable letter of credit

Unconfirmed letter of credit

None of the above

Which of the following takes responsibility to manage the property of another

Choose an answer

Trustee

Bailee

Mortgagee

All the above

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

Choose an answer

Traveller's letter of credit

Traveller's cheque

Circular note

All the above

Account example from Zakat and Tax

Choose an answer

B.B.A. Account

Current account

Foreign Currency Account

None of these

Which bank does keep the precious articles of public into its custody

Choose an answer

Central bank

Industrial bank

Commercial bank

None of these

When was the National Bank Of Pkaistan established:

Choose an answer

1948

1949

1950

1951

The facilities provide d by ATM machine includes

Choose an answer

Mini Statement

Transfer funds

Balace inquiry

All of these

Which of the following banks accepts deposits and advances loans

Choose an answer

Cooperative bank

Mortgage bank

Commercial bank

Central bank

The services provided by online banking includes.

Choose an answer

Depositing money

Transfer money

With draw money

All of these

When were the Pakistani banks nationalized:

Choose an answer

1974

1984

1990

1994

Which document indicates the authority and limitation of bank

Choose an answer

Memorandum

Articles

Certificate of incorporation

Prospectus

Deposits create

Choose an answer

Inflation

Loan

Monopoly

All the above

The examples of short term monetary assets includes.

Choose an answer

Bills of exchange

Promissory note

Treasurey bill

All of these

How many institutions of money market

Choose an answer

6

5

4

7

Endorsee of cheque is a person

Choose an answer

Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

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