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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
What is the full form is ATM
Choose an answer
Automated Teller Machine
Asynchronous
Transfer
Mode
Air
Traffic
Management
None of these
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Question # 2
The merits of credit card.
Choose an answer
Easy payment
Proof of payment
Loan Facility
All of these
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Question # 3
The kind of loan according to issue
Choose an answer
Cash credit
Discounting of bill
Mortgage loan
All of the above
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Question # 4
The loan which can be demanded at any time are called
Choose an answer
Short term loans
Demand loans
Overdraft
All the above
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Question # 5
Commercial bank advises its customers on
Choose an answer
Household matters
Financial matters
Political matters
All the above
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Question # 6
Which of the following Account willbe non -remuneratation account.
Choose an answer
Current account
Saving Account
Fixed Deposit account
B.B.A. Account
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Question # 7
What is meant by the principle of diversity regarding issuance of loan
Choose an answer
Lending only to those who can repay the debt at short notice
Lending against some material security
Lending in terms of sure repayment
Lending to different businesses or individuals
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Question # 8
Example of consortium Bank.
Choose an answer
SBP
Orion Bank
MCB
NBP
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Question # 9
In Paksitan BEL, NIT and ICP are credit institutions.
Choose an answer
Unorganized
Specialized
Non specialized
All these
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Question # 10
Which method is mostly used in making foreign payment
Choose an answer
Foreign bills of exchange
By post
By telegraph
None of these
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Question # 11
Payee has no give his identification to bank for receiving the amount of:
Choose an answer
Bearer cheque
Order cheque
Blank cheque
Crossedcheque
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Question # 12
Who did print the cheque in specific form for the first time or firstly:
Choose an answer
Imperial Bank
Bank of England
State Bank of Pakistan
None of the above
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Question # 13
Any Co.which transact the business of banking in Pakistan.
Choose an answer
Chartered co.
Joint stock co.
Banking co.
All of these
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Question # 14
Which of the following institution was converted into IDBP:
Choose an answer
Pakistan industrial finance corporation
Pakistan investment corporation
Industrial bank
Pakistan industrial and credit investment corporation
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Question # 15
State Bank of Pakistan was established on.
Choose an answer
Tuesday Ist July 1948
Wednesday Is July 1948
Thursday Ist July 1948
Friday Ist July 1948
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Question # 16
The various kinds of exchange rate includes.
Choose an answer
Official rate
Spot rate
Forward rate
All of these
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