Principles of Banking I Com Part 2 MCQS
Drawee fo bills of exchange is a person
Who receives the amount of bill
In whose favour the bill is transferred
Who accepts the bill
On whom the bill is drawn
Bill which is drawn without any trade transcation
Time bill
Sight bill
Trade bill
Accommodation bill
IOU is a document
Unconditional negotiable
Non-negotiable
Negotiable
Conditional negotiable
Who can issue participation term certificates
Firm
All the above
Company
Cooperative society
Which Fiqah does allow the deduction of Zakat in the application form of account opening
Sunni
Shia
None of the above
Hindu
Bank prefers to advance loan on such documents
Which are easy to keep
Whose price can be determined easily
Which are transferable
All of them
Rate of interest in case of fixed deposit is
High
Both
None of the above
Low
An account holder does not need to write a cheque to withdraw money from following account
Fixed deposit account
None of the above
Current account
Saving account
The money deposited in the bank is considered by a customer as
Investment
Liability
Asset
Saving
Security is a powerful tool that ensure tthe repayment of:
Deposit
Dept
Interest
None of the above
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