Question # 1

Quaid -e- Azam opened his bank account in.

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1940

1945

1957

1987

Quality of good security includes.

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Easy salable

Disputed

Source of expense

All these

"EFT" stands for

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Electronic Funds transfer

Economic financial theory

Electronic financial techniques

Effecitve fund telegram

What is the example of non scheduled bank

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Sindh provincial cooperative bank

Meezan bank

Habib bank

Allied bank

Methods for making foreign payments includes.

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Letter of credit

Foreign bills of exchange

Foreing bank draft

All of these

United Bank Ltd. was formed on.

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1959

1949

1694

1957

The bank branch on whic the draft is drawn is.

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Drawer

Payee

Drawee

None of these

Which document is attached to the application for the registration of bank

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Memorandum of bank

Articles of bank

Prospectus

All the above

Letter of credit is opened by.

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Importer 's bank

Exporter's bank

Wholse seller

None of these

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

Negotiable instruments are defined by Act.

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1881

1857

1694

1935

The person who opens an account with the bank is called

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Employee of bank

Customer of bank

Account holder of bank

Owner of bank

In case of mortage, the property remains in the possession of:

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Lender (creditors)

Borrower (debtors)

The government

All of the above

Money market is a market of loans for

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Short term

Medium term

Long term

All the above

The money sent through post office from one country to another

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Traveller's cheque

Bank draft

Letter of credit

International money order

What is necessary to withdraw money through ATM

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I.D. card

Cheque

Pin code

None of these

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

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