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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
In case of mortage, the property remains in the possession of:
Choose an answer
Lender (creditors)
Borrower (debtors)
The government
All of the above
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Question # 2
Min. Paid up capital of scheduled Bank in Pakistan on 31st December 2011 will be.
Choose an answer
Rs. 05 million
Rs. 06 million
Rs. 10 Billion
Rs. 07 billion
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Question # 3
Promissory note drawn by two or more persons is called
Choose an answer
Individual promissory note
Joint promissory note
Foreign promissory note
All of the above
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Question # 4
The main sources of bank's fund are
Choose an answer
Own capital
Deposits
Loan from other banks
All the above
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Question # 5
Which is the quantitative method of credit control
Choose an answer
Change in reserve ratio
Change in margin requirement
Selective control
Publicity
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Question # 6
Account example from Zakat and Tax
Choose an answer
B.B.A. Account
Current account
Foreign Currency Account
None of these
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Question # 7
Which of the following can be cancelled by the issuing bank without the consent of the other parties
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Revocable letter of credit
Irrevocable letter of credit
Revolving letter of credit
Unconditional letter of credit
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Question # 8
Up to December 1965, Pakistan used method of note issue.
Choose an answer
Proportional Reserve system
Min. Reserve system
Fixed fiduciary system
All of these
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Question # 9
The primary function of commercial bank are
Choose an answer
Accepting deposits
Advancing loans
Both a and b
None of these
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Question # 10
The statement of Pakistan was inaugurated by:
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Liaqat-Ali-Khan
Abdul-Rub-Nishar
Quaid-e-Azam
Nawaz-Sharif
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Question # 11
The example of non commercial letter of credit.
Choose an answer
Red clause L.C.
Green clause LC.
Traveler's L.C.
Documentary L.C.
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Question # 12
Methods for making foreign payments includes.
Choose an answer
Letter of credit
Foreign bills of exchange
Foreing bank draft
All of these
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Question # 13
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 # 14
No minimum balance limit requried in.
Choose an answer
Current Account
Saving Account
Foreign Account
B.B.A Account
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Question # 15
The important types of banker's letter of credit:
Choose an answer
Two
Three
Four
None of these
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Question # 16
Foreign exchange control reduces the
Choose an answer
Circulation of capital
Export of capital
Import of capital
None of the above
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