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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The advantages of E-Banking are.
Choose an answer
Time saving
No need to carry cash
Facility of BACS
All of these
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Question # 2
Why does it necessary for a customer t sign the specimen signature card
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To match with the signatures when cheque is presented for payment
To make exercise of signatures
To complete documentary requirements
To obtain new cheque book
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Question # 3
How many institutions in money market in Pakistan
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7
8
9
10
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Question # 4
Difference between hypothecation and pledge is.
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Possession of goods
Ownership
Possession of documents
None of these
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Question # 5
When was the "Reserve Bank of India" established:
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1925
1935
1940
1945
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Question # 6
When was Islamic Banking System introduced in Pakistan:
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1970
1972
1981
1982
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Question # 7
Beginning of Bank draft by
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Kings
Money lenders
Merchants
gold smith
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Question # 8
A Modarba may by for
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Specific or multi purpose
Perpetual
Specific period
All the above
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Question # 9
The life blood of acomemrcial bank.
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Deposits
With drawals
Liabilities
All these
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Question # 10
The word Bank has been derived from the German word
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Back
Bancus
Banco
None of the above
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Question # 11
The Bank are called Scheduled Bank which are registered with the.
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Central Bank
world Bank
Bank of England
All the above
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Question # 12
The change in demand and supply of foreign currency effects
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Exchange rate
Traveller's L.C
Letter of credit
None of these
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Question # 13
Cheque signed by drawer without filling is called
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Plain
Blank
Open
Traveller's cheque
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Question # 14
Temples were used as early banks in.
Choose an answer
Italy
Room
Greece
Iraq
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Question # 15
For commercial baks deposits are.
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Assets
Liabilities
Income
Expense
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Question # 16
The loan given against some security are known as.
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Unsecured loans
Demand loans
Secured loans
All the above
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