Question # 1

Evolutionary history of early banks includes.

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Merechnats

Money Lenders

Gold smiths

All these

The person who opens a bank account is called:

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Owner of bank

Customer of bank

Employee of bank

None of them

Term "or oreder" is written in order cheque after:

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Drawer's name

Payee's name

Customer's name

Endorsee's name

In financial crises, the central bank issues loan to

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Non-scheduled bank

Foreign bank

Scheduled bank

All the above

Account suitbale for business woman.

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Current account

Saving account

Fixed deposit account

None of these

Current account is suitable for

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Capitalists

Salaried persons

Business community

None of the above

I Owe You is a written instrument drawn by

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Trader

Debtor

Creditor

All the above

Example of Non scheduled is

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ABL

AL-Meezan Investment Bank

HBL

NBP

The facilities provide d by ATM machine includes

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Mini Statement

Transfer funds

Balace inquiry

All of these

Bills of exchange is a written order which is always

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Conditional

Unconditional

Partially conditional

All of the above

Present commercial Banks are teh Developed form of the business of.

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Money Lenders

gold smiths

Money changers

Merchants

Beginning of Bank draft by

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Kings

Money lenders

Merchants

gold smith

If a credit card is lost, what should the holder do.

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Report to employer

Report to bank

Report to insurance co.

All the above

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

The market in which funds are borrowed of lent for a period of over one year.

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Money market

Capital market

Open market

None of these

Which is demanded by a bank at the time of opening new account

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Birth certificate

Source of income

Educational qualification

All of the above

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

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