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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Which document indicates the authority and limitation of bank
Choose an answer
Memorandum
Articles
Certificate of incorporation
Prospectus
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Question # 2
Documents of title to goods includes.
Choose an answer
Dock warrant
Bill of lading
Delivery order
All the above
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Question # 3
How many benefits of bankers
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4
5
6
7
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Question # 4
Parties involved in I.O.U
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Three
Four
Two
Five
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Question # 5
Non- Scheduled banks are formed under co-opeative society Act.
Choose an answer
1932
1925
1984
1911
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Question # 6
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 # 7
If there is no guarantee to honour a letter of credit then it is called:
Choose an answer
Confirmed letter of credit
Irrevocable letter of credit
Unconfirmed letter of credit
None of the above
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Question # 8
Who was the founder of commercial bank
Choose an answer
Goldsmiths
Merchants
Money lenders
All the above
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Question # 9
Which document is demanded by central bank for the conversion of non-scheduled bank into scheduled bank
Choose an answer
Prospectus of bank
Copy of bye-laws
Audited annual report of bank
Certificate of incorporation
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Question # 10
The loan against which no security is kept by bank are.
Choose an answer
Secured loans
Unsecured loans
Demand loans
None of these
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Question # 11
The leader of money market in Pakistan.
Choose an answer
Central Bank
Government
Commercial Banks
None of these
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Question # 12
Commercial bank is called:
Choose an answer
Banker's bank
Bank of public
Custodian of foreign exchange
Banker to the Government
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Question # 13
Which affairs of Banks are revealed by articles of Banks.
Choose an answer
Internal
External
Political
Financial
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Question # 14
Memorandum includes
Choose an answer
05 Clasuses
06 Clauses
10 Clauses
12 Clauses
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Question # 15
These thories of foreign exchange rate include.
Choose an answer
Mint par parity theory
Ppurchasing power theory.
Botha a and b
All of these
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Question # 16
The amount of loan should be less than.
Choose an answer
Value of security
Market value
Face value
Hidden value
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