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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Main parties in bill of exchang are.
Choose an answer
Three
Two
Four
Five
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Question # 2
How many institutions in money market in Pakistan
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7
8
9
10
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Question # 3
Which party to L.C. is called beneficiary.
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Import
Export
Advising bank
Opening bank
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Question # 4
Bank of England was formed in:
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1594
1694
1794
1894
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Question # 5
The Governor of SBP is oppointed for.
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Five years
Four years
Three years
Two years
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Question # 6
The bills of exchange which is paid after the expiry of fixed period of time called
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Accommodation bill
Sight bill
Time bill
All of the above
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Question # 7
Exchange banks are commonly known as.
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Foreign bank
Central bank
Consortium Bank
None of these
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Question # 8
The principle of not issue is
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Currency principle
Discount rate principle
Bank rate principle
All the above
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Question # 9
In the Presence of Clearing House Scheduled Banks keeps.
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Less Cash Reserve
More Cash Reserve
No cash reserve
Fixed cash reserved
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Question # 10
"EFT" stands for
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Electronic Funds transfer
Economic financial theory
Electronic financial techniques
Effecitve fund telegram
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Question # 11
The supply of foreign exchange arises when.
Choose an answer
Goods are exported
Students comes of country
Sale of Foreign securities
All of these
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Question # 12
The bill of exchange who's tenor is more than three month is.
Choose an answer
Sight bill of exchange
Foreign bill exchnage
Long bill exchange
Short billof exchange
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Question # 13
What is recieved by the post office on money order:
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Profit
Interest
Commision
All of the above
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Question # 14
The facilities provide d by ATM machine includes
Choose an answer
Mini Statement
Transfer funds
Balace inquiry
All of these
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Question # 15
The first central bank of indo-Pak
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Bank of Calcutta
Imperial bank
Reserve bank of India
None of the above
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Question # 16
Central bank does not provide the following facility to non-scheduled bank
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Rediscounting of bills
Clearing house
Transfer of money
All the above
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