2nd Year Banking Guess Paper

• Our comprehensive 2nd year banking guess paper will ensure you're fully prepared for your exams.
• Important Multiple Choice Questions of Principle of Banking I Com Part 2 from previous 7 years past papers of all Punjab Boards.
• 1. How many minimum promoters are required to sign on an application for the registration of commercial bank?
• (a) two   (b) Five    (c) Seven    (d) Ten
• 2. Which document is attached to the application for the registration of bank. 
• (a) Memorandum of bank    (b) Articles of bank    (c) Prospectus   (d) All the above
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• 3. Which of the following banks accepts deposits and advances loans:
• (a) Cooperative bank    (b) Mortgage bank    (c) Commercial bank    (d) Central bank 
• 4. Which bank was formed under the royal order?
• (a) Bank of Venice    (b) State Bank of Pakistan    (c)  Bank of Barsolona     (d) Charted Bank of England 
• 5. The primary objective of a central bank is to: 
• (a) Earn profit    (b) Advance loans to traders    (c) Safeguard the national interest     (d) All the above 
• 6. Who was the founder of commercial bank? 
• (a) Goldsmith    (b) Merchants    (c) Money lenders    (d)  All the above
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• 7. The document by which the people are invited to buy the shares of bank is called:
• (a) Memorandum of bank    (b) Articles of bank    (c) Certificate of incorporation    (d) Prospectus of bank
• 8. When was the “Bank of England” got to the monopoly over note issue: (a) 1728  (b) 1758  (c) 1768  (d)  1778
• 9. the change in the address of bank should be intimated to registrar within:
• (a) Eight days    (b) Ten days     (c) Eighteen days    (d) Twenty-eight days 
• 10. Which of the following is meant for presenting a summary and balance of accounts of bank customers:
• (a) Bank statement    (b) Balance sheet     (c) Pass book    (d)  Prospectus
• By Reading Guess Paper of 2nd year banking explore detailed explanations and examples to enhance your understanding.
• Important Short  and Long Questions of Principle of Banking I Com Part 2 from previous 7 years past papers of all Punjab Boards.
• Define bank according to Banking companies' ordinance 1962.
• Describe any three characteristics of the bank.
• The role of which people is considered important for the evolution of bank.
• What is meant by statement in Lieu of prospectus?
• Write down the name of the methods of formation of bank.
• Describe the characteristics of good / stable banking system.
• Define articles of bank.
• Describe some basic reasons for opening an account in bank.
• Mention the steps involved in opening of an account in bank.
• What is meant by pay-in-slip? Point-out its contents.
• What is meant by banker's personal or private letters of credit?
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• Describe the stages of opening commercial letter of credit.
• Point out the important kinds of commercial letter of credit.
• Point out of the advantages of commercial letter of credit.
• Discuss the characteristics of good or stable banking system.
• Define commercial bank and discuss its functions.
• How commercial bank play a vital role in the economic development of the country, discuss.
• What is cash reserve? Discuss various factors, which determine the volume of cash reserve.
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• Discuss the credit creation process of commercial banks with the help of an example. Also state the limitations in this regard.
• Differentiate between central and commercial banks.
• Write difference between scheduled and non- scheduled bank.
• Point out the advantages of a scheduled bank.
• Write down two differences of scheduled and non- scheduled bank.
• What is meant by bank account?
• Define bank account and also state the reasons for opening bank account.
• Discuss the features of various bank accounts.
• Describe the rights and duties of banker and customer.
• State the circumstances under which the relationship between the banker and customer comes to an end.
• Describe the kinds of bank loans.
• What do you know about the crossing of cheque?
• Define bills of exchange and discuss its parties.
• What are the different kinds of bills of exchange discuss in detail.
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