Principles of Banking I Com Part 2 MCQS
The person who opens a bank account is called:
Customer of bank
None of them
Employee of bank
Owner of bank
The charge or price for the use of money is called
Commission
Dividend
Profit
Interest
Long term loan period is consisted of:
All of the above
Days
Years
Months
Who is responsible for loan in case of joint customer:
Active partner
None of the above
Person having authority to deal with bank
All partners of persons
Central bank is owned by
All of the above
Commercial baks
Public
Government
What is necessary to continue or keep an account with the bank
Minimum required balance
Phone number
Political stability
Introductory preference
If drawer of cheque is a payee himself then what word is written after the word pay:
Self
None of the above
Bearer
Order
Credit instrument drawn by one bank on another bank is called
Bills of exchange
Bank draft
Treasury bill
Cheque
Which of the following banks performs its functions according to the instructions of central bank
All the above
Foreign bank
Scheduled bank
Non-scheduled bank
Endorser of promissory note is a :
Person who trasfers the rights of note
Person in whose favour the rights are transferred
Person who promises to pay
Person who receives the amount of note
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