Principles of Banking I Com Part 2 MCQS Set 4

When was PICIC established

1961

1957

1950

1951

I Owe You is a written instrument drawn by

Creditor

Debtor

Trader

All the above

What is the example of non scheduled bank

Meezan bank

Habib bank

Allied bank

Sindh provincial cooperative bank

State bank of Pakistan

Specialized credit institutions

All of them

Commercial banks

Married women can open following account in bank:

Saving account

Fixed amount

All of them

Current account

Promissory note means a:

Promise to pay goods on fixed date

All of the above

Promise to pay currency notes on fixed date

Promise to pay fixed amount on fixed date

Which of the following is meant for presenting a summary and balance of accounts of bank customers

Pass book

Balance sheet

Bank statement

Prospectus

In Pakistan, the interest free modes of financing have been divided into

Four groups

None of these

Two groups

Three groups

Central bank provides the following facility to scheduled banks:

Feast

Godown

Clearing house

None of the above

Crossing makes the cheque:

Safe

Unacceptable

Acceptable

Unsafe