Question # 1

Which party to L.C. is called beneficiary.

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Import

Export

Advising bank

Opening bank

Over draft facility is provided only on.

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Saving Account

Fixed Deposit Account

Current Account

All the above

Bill which is drawn without any trade transcation

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Sight bill

Time bill

Trade bill

Accommodation bill

Memorandum includes

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05 Clasuses

06 Clauses

10 Clauses

12 Clauses

Letter of credit is opened by.

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Importer 's bank

Exporter's bank

Wholse seller

None of these

The merits of credit card.

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Easy payment

Proof of payment

Loan Facility

All of these

Commercial letter of credit is issued for the facilty of:

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Ambassadors

Common people

Businessmen

Alll of the above

The amount Calculated on pre-determined rate and no relationship with the risk of P/L is called.

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Commission

Rent

Intrest

Carriage

When was the first central bank of sub-continent established:

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1635

1732

1835

1935

Cheque is a credit instrument.

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Partial negotiable

Negotiable

Non negotiable

None of these

The products of E-Banking are.

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ATM cards

Credit cards

Debt cards

All of these

Central bank does not provide the following facility to non-scheduled bank

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Rediscounting of bills

Clearing house

Transfer of money

All the above

Which of the following is the valid method of making payment.

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Credit card

pay order

Bank Draft

All of these

American express Bank is an example of.

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School Bank

Exchange Bank

Consortium Bank

None of these

The other name of credit woucher is.

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Credit note

Cash credit

pay in slip

Debit note

Which of the following is not an example of plastic money

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Debit card

ATM card

Currency notes

Credit card

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

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