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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
It is the right of a customer to.
Choose an answer
Draw cheque
Receive pass book
Receive cheque book
All these
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Question # 2
What is meant by hypothecation
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To hand over the goods or documents of title to goods by a customer to the bank as a security against a debt
To hand over the documents of property by a customer until the repayment of debt
A type of security in which neither the ownership nor the possession passes to the bank
A receipt of loan which shows that money has been borrowed against an immovable property as a security
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Question # 3
Short term monetary assets are also called as.
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Marketbale debt securities.
Near money
Short term monetary assets
All these
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Question # 4
Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.
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12th
13th
14th
15th
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Question # 5
Normally bank does not pay intrest on
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Saving Account
Fixed Deposit Account
Current Account
B.B.A. Account
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Question # 6
Scheduled bank is registered under state bank of Pakistan Act
Choose an answer
1965
1956
1950
None of the above
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Question # 7
Main parties in bill of exchang are.
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Three
Two
Four
Five
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Question # 8
The bill whihc is payable on its presentation is called.
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Sight bill
Time bill
Trade bill
Accommodation bill
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Question # 9
Over draft facility is only provided on:
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Current account
Fixed deposit
Saving account
All of the above
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Question # 10
Account example from Zakat and Tax
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B.B.A. Account
Current account
Foreign Currency Account
None of these
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Question # 11
What is common between bank and customer
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Account no.
Cheque no.
Serial no
Drawee
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Question # 12
Electronic banking transaction Ordinance is.
Choose an answer
1974
2002
1984
1962
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Question # 13
Which of the following banks performs its functions according to the instructions of central bank
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Foreign bank
Scheduled bank
Non-scheduled bank
All the above
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Question # 14
Which type of letter of credit authorized the exporter to obtain an advance before the shipment of goods
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Documentary letter of credit
Green-clause letter of credit
Confirmed letter of credit
Red-clause letter of credit
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Question # 15
Promissory note means a:
Choose an answer
Promise to pay fixed amount on fixed date
Promise to pay currency notes on fixed date
Promise to pay goods on fixed date
All of the above
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Question # 16
Features of I.O.U. are
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Written form
Evidence of debt
Fixed amount
All of these
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