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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Endorsee of cheque is a person
Choose an answer
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 # 2
Main parties of promissory note are
Choose an answer
One
Two
Three
Four
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Question # 3
Who are called the ancestors of modern banks.
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Merchant
Money Lenders
Gold Smiths
All of these
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Question # 4
Crossing makes the cheque
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Acceptable
Dishonour
Safe
None of these
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Question # 5
The market in which funds are borrowed of lent for a period of over one year.
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Money market
Capital market
Open market
None of these
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Question # 6
Current account is suitable for
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Capitalists
Salaried persons
Business community
None of the above
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Question # 7
The person who endorse the bill of exchange in called.
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Endorser
Trustee
Enddorser
Drawee
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Question # 8
Negotiable instruments are defined by Act.
Choose an answer
1881
1857
1694
1935
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Question # 9
Under which Section Scheduled Bank can open new branch.
Choose an answer
Section 38
Section 39
Section 40
Section 41
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Question # 10
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 # 11
Illiterate person provies on cheque for his indentification.
Choose an answer
Photograph
Birth Certificate
Thum Impression
All these
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Question # 12
At Present the Governor of State Bank of Pakistan is.
Choose an answer
Dr. Ishrat Hussain
Saleem Raza
Shahid Hafiz Kardar
Shahid Mahmood Wathra
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Question # 13
The central bank works under the rules framed by:
Choose an answer
Government
People
Different banks
All of the above
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Question # 14
Drawer and Drawee belongs to two diffrent cities.
Choose an answer
Inland bill
Short bill
Long bill
Foreign bill
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Question # 15
Bank or incomplete bill is called.
Choose an answer
Foreign bill
Local bill
Short bill
Dishonored bill
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Question # 16
Which of the following accounts is non-transferable
Choose an answer
Saving account
Fixed deposit account
Current account
None of the above
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