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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
When bank provides finance to its customer under an agreement of Modaraba, the customer becomes
Choose an answer
Consumer
Zarib
Aamal
None of the above
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Question # 2
State Bank of Pakistan can also be called as.
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Central Bank
Reserve Bank
Monetary Authority
All the above
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Question # 3
Grace days are given to debtors for payment.
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3 days
4 days
5 days
6 days
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Question # 4
The advantages of E-Banking are.
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Time saving
No need to carry cash
Facility of BACS
All of these
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Question # 5
Heart of Financial Structure.
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Commercial bank
Central bank
Consortium Banks
All these
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Question # 6
Running Finance is also known as.
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Saving Account
Current Account
Overdraft
Fixed Account
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Question # 7
Parties involved in I.O.U
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Three
Four
Two
Five
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Question # 8
Endorsee of cheque is a person
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Who receives the amount of cheque
In whose favour the rights of cheque are transferred
On whom the cheque is drawn
Who draws a cheque
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Question # 9
The products of E-Banking are.
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ATM cards
Credit cards
Debt cards
All of these
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Question # 10
Part of cash of scheduled banks kept by centrla bank as per law is called.
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Specific reserves
Satutory reserves
Gneral Reserves
All the above
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Question # 11
Which of the following is not a right of a bank.
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Charge commission
Close account without notice
Charge interest on O/D
None of these
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Question # 12
The types of local or home trade are.
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Regail trade
Wholescale trade
Interport
Both a and b
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Question # 13
What does the bank receive on issuing a letter of credit:
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Profit
Interest
Commission
Duty
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Question # 14
Cheque is a written order of customer to:
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keep the amount
Transfer the amount
Pay the amount
Recieve the amount
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Question # 15
While depositing money in your a/c , you must use.
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Pay - in slip
Deposit slip
Credit voucher
All these
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Question # 16
The services provided by online banking includes.
Choose an answer
Depositing money
Transfer money
With draw money
All of these
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