Question # 1

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

What is written on the leaf of a cheque about customer

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Name

Address

Telephone number

Account number

Part of cash of scheduled banks kept by centrla bank as per law is called.

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Specific reserves

Satutory reserves

Gneral Reserves

All the above

A cheque which can be cashed by its holder

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Bearer

Order

Crossed

Plain

Treasury bill means:

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Amount of government

Evidence of governments debt

Promise of government to pay

None of the above

Due to good Banking system which sector showed Rapid growth.

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Agriculture sector

Industiral sector

Banking Sector

All of these

Commercial bank advises its customers on

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Household matters

Financial matters

Political matters

All the above

The amount in fixed deposit can be

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Deposited many times

Deposited only once

Withdrawn many times

None of the above

The institution responsible for the contraction and expansion of money in the best interest of general public is called:

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Commercial bank

Clearing house

Central bank

Chamber of commerce

Commercial bank is factory of creating credit.

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Crowther

Gilbert

Reynold

H.I .Heart

The main content sof bank draft.

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bank branch

Payee

Date

All of these

How many minimum promoters are required to sign on an application for the registration of commercial bank

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Two

Five

Seven

Ten

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

Because of high reserve ratio the credit creation power.

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Constant

Increases

Decreases

Zero

Which is teh secondary function of commercial bank.

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Accepting deposits

Advancing loans

Collection of cheques

All of these

The money market in Pakistan

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Is developed

Is underdeveloped

Both a & b

Does not exist

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

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