Question # 1

when customer deposit his money in bank he become.

Choose an answer

Debtor

Bailer

Mortageger

Creditor

If drawing of a cheque signs o its back for transferring the rights to another person is called

Choose an answer

Material change

Endorsement

Crossing

Acceptance

It is the duty of the bank to.

Choose an answer

Honor cheque

Keep secrecy

Safe custody

All these

Written instrument by one bank to another bank.

Choose an answer

Bill of exchange

Draft

Bearer cheque

None of these

Which of the followign cannot open account in a bank.

Choose an answer

Lunatic

Minor

Parda Nasheen woman

All of these

Trade related Islamic modes of financing do not include

Choose an answer

Musharika

Mark up

Leasing

Hire-purchase

Which of the following is provided to customer for opening the profit and loss term deposit account

Choose an answer

Cheque bank

Pay-in-slip

Pass book

Fixed deposits receipt

Who can endorse the cheque:

Choose an answer

Holder of cheque

Drawer of cheque

Both A & B

None of these

For commercial banks deposits are.

Choose an answer

Assets

Liabilities

Income

Expense

While depositing money in your a/c , you must use.

Choose an answer

Pay - in slip

Deposit slip

Credit voucher

All these

Muslims commercial Bank was established on.

Choose an answer

1947

1948

1951

1949

When was the "Reserve Bank of India" established:

Choose an answer

1925

1935

1940

1945

The principle of not issue is

Choose an answer

Currency principle

Discount rate principle

Bank rate principle

All the above

Which is teh secondary function of commercial bank.

Choose an answer

Accepting deposits

Advancing loans

Collection of cheques

All of these

When was the National Bank Of Pkaistan established:

Choose an answer

1948

1949

1950

1951

Head of any government institution can open account with a bank in the capacity of

Choose an answer

Consumer

Principal

Employee

None of the above

The payment of draft is made on.

Choose an answer

Sight

Demand

By psot

Phone call

In the presence of cleairng house the use of cash transactions between banks

Choose an answer

Increases

Decreases

Stops

NO effect

Promissory note drawn by two or more persons is called

Choose an answer

Individual promissory note

Joint promissory note

Foreign promissory note

All of the above

Bills of exchange can be cashed from bank before maturity by:

Choose an answer

Overdraft

Renewal

Discounting

None of the above

Account suitable for salaried person.

Choose an answer

Fixed Deposit account

Current Account

Saving Account

Term Deposit Account

What is necessary to withdraw money through ATM

Choose an answer

I.D. card

Cheque

Pin code

None of these

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer