Question # 1

Customer can withdraw money only after the expiry of fixed time

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From saving account

From current account

From fixed deposit

From all the above

Treasury bill is a :

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Negotiable credit instrument

Non-negotiable credit instrument

Debentures

Shares

Bank of England was established in.

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1494

1694

1920

1668

Capital market deals in

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Common stocks

Shares

Debentures

All of these

Which document a joint stock company has to provide at the time of opening account with bank

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Shares

Copy of bye-laws

Audited annual report of company

Certificate of incorporation

On every cheque bank gets

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Profit

Commission

Tax

Duty

Which document indicates the authority and limitation of bank

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Memorandum

Articles

Certificate of incorporation

Prospectus

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

How many advantages of e banking

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3

4

5

6

Written evidence of depositing money into bank.

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Cheque book

Pay in Slip

Pas Book

None of these

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

Amount of crossed cheque is recieved:

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From bank's counter

Issueing new cheque

From bank's manager

None of the above

Bank prefers to advance loan on such documents

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Which are easy to keep

Which are transferable

Whose price can be determined easily

All the above

For commercial banks " Advancing loans' are.

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Assets

Liabilities

Expenses

All of these

A trustee is the:

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Owner of property

Care taker of property

Mortgagee of property

None of the above

The money deposited in the bank is considered by a customer as

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Asset

Liability

Investment

Saving

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

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