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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The person who endorse the bill of exchange in called.
Choose an answer
Endorser
Trustee
Enddorser
Drawee
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Question # 2
Letter of credit state a limit of.
Choose an answer
Credit
Time period
Bank
None of these
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Question # 3
Market for medium and long term loans.
Choose an answer
Capital market
Money market
Open market
None of these
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Question # 4
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 # 5
What type of account is preferred by a businessman
Choose an answer
Saving account
Fixed deposits
Current account
Foreign currency account
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Question # 6
Which of the following is the valid method of making payment.
Choose an answer
Credit card
pay order
Bank Draft
All of these
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Question # 7
Which document is attached to the application for the registration of bank
Choose an answer
Memorandum of bank
Articles of bank
Prospectus
All the above
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Question # 8
If drawer of cheque is a payee himself then what word is written after the word pay:
Choose an answer
Order
Bearer
Self
None of the above
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Question # 9
Part of cash of scheduled banks kept by centrla bank as per law is called.
Choose an answer
Specific reserves
Satutory reserves
Gneral Reserves
All the above
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Question # 10
Over draft facility is provided only on.
Choose an answer
Saving Account
Fixed Deposit Account
Current Account
All the above
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Question # 11
When was Islamic Banking System introduced in Pakistan:
Choose an answer
1970
1972
1981
1982
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Question # 12
The bill whihc is payable on its presentation is called.
Choose an answer
Sight bill
Time bill
Trade bill
Accommodation bill
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Question # 13
Which account is called non operating account.
Choose an answer
Current account
Saving account
Fixed account
BBA account
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Question # 14
What type of institution a bank is:
Choose an answer
Financial
Social
Religious
All of the above
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Question # 15
American express Bank is an example of.
Choose an answer
School Bank
Exchange Bank
Consortium Bank
None of these
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Question # 16
Cheque is a credit instrument which is
Choose an answer
Negotiable
Conditionally negotiable
Non negotiable
None of the above
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