Question # 1

In how many days would a schque between banks clear through the clearing system.

Choose an answer

7 days

3 days

10 days

5 days

The transmission of following is stopped due to clearing house:

Choose an answer

Credit money

Metallic money

Cash money

All of the above

Crossing of cheque is cancelled by

Choose an answer

Drawer

Drawee

Holder

All of the above

Major function of Central Bank is.

Choose an answer

Open account

Provide lockers

Issue currency notes

All of the above

Which party of the L.C. is called beneficiary.

Choose an answer

Opening bank

Buyer

Exporter

Ex porter's bank

Drawer and drawee belongs to same country.

Choose an answer

Domestic bill

Foregin bill

Trade bill

Accommodation bill

Cheque book is not use in.

Choose an answer

Current Account

Foreign Currency Account

B.B.A account

Fixed deposited Account

Institutions of money market in Pakistan.

Choose an answer

Central Bank

Commercial Bank

Specialized institutions

All of these

bank is the developed form of

Choose an answer

The business of moneylenders

The business of merchants

The business of goldsmiths

None of the above

On which of the following amount of overcraft, bank receives interest:

Choose an answer

Fix

Total

Used

All of the above

Which of the followingis highly marketable security.

Choose an answer

Documents of title

Goods and produce

Shares and debentures

all the above

Cheque is a credit instrument.

Choose an answer

Partial negotiable

Negotiable

Non negotiable

None of these

Grace days are given to debtors for payment.

Choose an answer

3 days

4 days

5 days

6 days

Which of the following is a non-commercial letter of credit

Choose an answer

Irrevocable letter of credit

Red-clause letter of credit

Special letter of credit

Traveller's letter of credit

If the quatity of money in circulation increases then this situation is called:

Choose an answer

Inflation

Deflation

Money market

All of the above

Cheque is a written order of customer to:

Choose an answer

keep the amount

Transfer the amount

Pay the amount

Recieve the amount

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