Question # 1

The word IOU means.

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I am your creditor

I am your debtor

I am your friend

None of these

Heart of Financial Structure.

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Commercial bank

Central bank

Consortium Banks

All these

Features of I.O.U. are

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Written form

Evidence of debt

Fixed amount

All of these

On which account a bank does not pay interest

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Saving account

Fixed deposits

Current account

All of the above

The person who is committed to manager the property of other.

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Trustee

Bailee

Morggagee

None of these

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

Content of money order includes.

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Fixed amount

Non transferable

Identification

All of these

Which one is not the feature of good Banking system.

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Economic development

Inflation

Larger Capital

TYrust of public

Which bank was formed under the royal order

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Bank of Venice

State Bank of Pakistan

Bank of Barsolona

Chartered bank of England

The cheque which cannot be cashed on the bank counter.

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Bearer cheque

Crossed cheque

Order cheque

Both bearer and order

The first Pakistan notes were issued in the denomination of Rs. 5. Rs.10, Rs.100 in

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31th December 1965

23rd March 1940

Jan 1962

October 1948

When was the National Bank Of Pkaistan established:

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1948

1949

1950

1951

The document which reveals the ownership of goods kept on port.

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Bill of lading

Dock warrant

Railway recipt

Deliery order

The rate of exchange determined by two countries following non-convertible paper currency system is a point where

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The purchasing power of currency is same

The purchasing power of currency is different

The purchasing power of currency is zero

None of the above

Payee has no give his identification to bank for receiving the amount of:

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Bearer cheque

Order cheque

Blank cheque

Crossedcheque

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

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

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