Principles of Banking I Com Part 2 MCQS
Before opening account in bank, a married women is asked about her:
Husband’s name
Mother’s name
All of the above
Father’s name
If the demand of any country’s currency increases then rate of exchange becomes
None of these
Both a and b
Unfavorable
Favorable
Cheque is a written order of customer to:
Recieve the amount
Pay the amount
Transfer the amount
keep the amount
The commercial banks provide the following type of loan by discounting the B/E:
Short term
Long term
Medium term
All of the above
Endorsee of cheque is a person
On whom the cheque is drawn
Who receives the amount of cheque
In whose favour the rights of cheque are transferred
Who draws a cheque
Scheduled bank is registered under state bank of Pakistan Act
None of the above
1956
1965
1950
What is called a good security
Whose price can be determined easily
All of them
Whose ownership is totally clear
Which does not have any government restriction
In case of mortage, the property remains in the possession of:
Lender (creditors)
The government
All of the above
Borrower (debtors)
What is written on the leaf of a cheque about customer
Address
Name
Telephone number
Account number
What does the bank receive on issuing a letter of credit:
Duty
Interest
Commission
Profit
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