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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Deposits create
Choose an answer
Inflation
Loan
Monopoly
All the above
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Question # 2
The acceptance of bill with some conditionis called.
Choose an answer
Dishonor acceptance
Documentary acceptance
Qualified acceptance
General acceptance
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Question # 3
How many merits of credit card
Choose an answer
7
8
9
10
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Question # 4
Who can endorse the cheque:
Choose an answer
Holder of cheque
Drawer of cheque
Both A & B
None of these
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Question # 5
The market where foreign moneys are bought and sold is.
Choose an answer
Stock market
Foreign exchang markets
Open market
None of these
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Question # 6
The cheque which cannot be cashed on the bank counter.
Choose an answer
Bearer cheque
Crossed cheque
Order cheque
Both bearer and order
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Question # 7
Which letter of credit is issued for a single or particular transaction:
Choose an answer
Fixed
Revocable
Red clause
Green Clause
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Question # 8
Bank is bound to honour the cheque of customer if:
Choose an answer
Required amount is available in amount
Cheque is according to rules of conduct
There is no restriction by government
All of the above
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Question # 9
Which one of the following is not the preference of state bank of Pakistan
Choose an answer
Expansion in banking system
Control over the supply of money
Equal distribution of credit
To earn maximum profit
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Question # 10
Loan Create
Choose an answer
Monopoly
Inflation
Deposits
All the above
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Question # 11
The person in who's favor a cheque is endorsed is called.
Choose an answer
Endorser
Debtor
Endorsee
None of these
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Question # 12
Who was the founder of commercial bank
Choose an answer
Goldsmiths
Merchants
Money lenders
All the above
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Question # 13
Money market is market of loans for.
Choose an answer
Long term
Short term
Medium term
None of these
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Question # 14
When was the process of Islamization of banking started in Pakistan
Choose an answer
1977
1980
1982
1982
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Question # 15
Person who recieves the amount of cheque from bank is called:
Choose an answer
Drawee
Payee
Endorsee
All of the above
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Question # 16
Rapid transfer fo funds is the feature of good.
Choose an answer
Open market
Money market
Discount house
None of these
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