Principles of Banking I Com Part 2 MCQS
Which method is mostly used in making foreign payment
Foreign bills of exchange
None of these
By post
By telegraph
Where is the head office of IDBP:
Karachi
Lahore
Islamabad
Faisalabad
The amount (capital) recieved by bank after issuing shares is called:
Issued capital
Autherized capital
Paid up capital
Reserve capital
The amount in fixed deposit can be
Deposited many times
Withdrawn many times
Deposited only once
None of the above
How many benefits of customers
6
5
7
8
Who does get the benefit of opening an account in bank:
Account holder
All of them
Government
Bank
How many products of E banking
5
8
7
6
Commercial bank is called:
Banker’s bank
Custodian of foreign exchange
Bank of public
Banker to the Government
What is meant by hypothecation
A receipt of loan which shows that money has been borrowed against an immovable property as a security
To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
A type of security in which neither the ownership nor the possession passes to the bank
To hand over the documents of property by a customer until the repayment of debt
When was the first central bank of sub-continent established:
1835
1635
1732
1935
nr
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