Question # 1

What does IOU mean

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I am a debtor to you

I am a creditor to you

Both a and b

None of these

How many merits of credit card

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7

8

9

10

The term foreign exchange includes

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Bank draft

Letter of credit

Foreign B/E

All the above

Commercial bank creates the following Money

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Metallic

Credit

Paper

All the above

For how many years the governor of State Bank of Pakistan is appointed:

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3 years

7 years

10 years

None of the above

The features of debit card, credit card and ATM card.

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magnetic strip

Specific number

electronic ship

All of these

Money market deals in

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Promissory note

Bills of exchange

Marketable securities

All the above

The person in who's favor a cheque is endorsed is called.

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Endorser

Debtor

Endorsee

None of these

A person in whose favour the rights of bill are transferred is called

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Drawer

Payee

Endorsee

All of the above

The signature of the following is compulsory on B/E:

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Bank

Drawee

Drawer

Both (B) & (C)

For more credit creation a bank must have.

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More demand deposits

More fixed deposits

More time deposited

All of these

When was the "Reserve Bank of India" established:

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1925

1935

1940

1945

Parties involved in a cheque.

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A/c holder

Bank

Payee

All of these

Commercial bank can be regarded by nature as

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Depository bank

Central bank

Investment bank

None of the above

E-Banking provides benefits to the following

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Accountholder

Banker

Economy

All the above

The parties involved in a gurantee are.

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Debtor

Creditor

Guarantor

All these

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

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