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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
When ADFC came into existence
Choose an answer
1951
1961
1965
1970
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Question # 2
In L.C. the other name of exporter's bank is.
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Paying bank
Advising bank
Negotiating bank
All of these
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Question # 3
Money market is market of loans for.
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Long term
Short term
Medium term
None of these
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Question # 4
According to Sir John Paget, a bank is an institution which :
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Accepts the deposits of general public
Honours the cheques
Advances loan
All of the above
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Question # 5
Services provided by on line banking
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Depositing the money into the account
Withdrawal the money from bank
Transfer of money
All the above
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Question # 6
The rate which keeps the balance of payment in equilibrium.
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Equilibrium rate
Foreign exchange rate
Currency Rate
Dollar rate
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Question # 7
The first Pakitan Note es were issued in the denomination of.
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Rs. 5
Rs. 10
Rs.100
All of these
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Question # 8
Bank draft is an order
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Of court
Conditional
Unconditional
Of government
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Question # 9
Exchange banks are commonly known as.
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Foreign bank
Central bank
Consortium Bank
None of these
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Question # 10
Which of the following accounts is non-transferable
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Saving account
Fixed deposit account
Current account
None of the above
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Question # 11
Important functions of a central bank:
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To issue currency notes
To provide banking facilities to government
To advise commercial banks
All of the above
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Question # 12
The rate at which commercial banks and centrla bank buys and sells foreign currency.
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Bank Rate
Inter Bank rate
Intrest rate
Discount rate
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Question # 13
The numebr of parties in a cheque are.
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Two
Five
Four
Three
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Question # 14
IOU is a document
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Negotiable
Non-negotiable
Conditional negotiable
Unconditional negotiable
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Question # 15
Inland sight bill of exchange is usually used in.
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Domestic trade
Inter port trade
Foreign trade
None of these
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Question # 16
Commercial bank is factory of creating credit.
Choose an answer
Crowther
Gilbert
Reynold
H.I .Heart
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