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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
The acceptance of bill without some condition is called.
Choose an answer
Dishonor acceptance
Documentary acceptance
Qualified acceptance
General acceptance
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Question # 2
The instruments which are used in foreign receipts and payments called.
Choose an answer
Letter of credit
Foreign debts
Foreign exchange
None of these
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Question # 3
Central Bank is the Leader of.
Choose an answer
Capital Market
Money Market
Both a and b
Open market
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Question # 4
Negotiable instruments are defined by Act.
Choose an answer
1881
1857
1694
1935
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Question # 5
On which account a bank does not pay interest
Choose an answer
Saving account
Fixed deposits
Current account
All of the above
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Question # 6
When a person deposits money in a bank, it is the beginning of
Choose an answer
Bank and customer business
Bank and customer relationship
Lending and borrowing between bank and customer
Relation of confidence and trust
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Question # 7
Which method is mostly used in making foreign payment
Choose an answer
Foreign bills of exchange
By post
By telegraph
None of these
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Question # 8
PTC are issued in place of
Choose an answer
Shares
Debentures
Bonds
None of these
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Question # 9
The document which reveals the ownership of goods kept on port.
Choose an answer
Bill of lading
Dock warrant
Railway recipt
Deliery order
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Question # 10
Documents of title to goods includes.
Choose an answer
Dock warrant
Bill of lading
Delivery order
All the above
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Question # 11
How many institutions in money market in Pakistan
Choose an answer
7
8
9
10
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Question # 12
The method which is mostly use in making foreign payments are.
Choose an answer
Telegraphic transfer
Foreign bill of exchange
By post
All of these
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Question # 13
Why commercial banks keep a certain amount of money as reserve
Choose an answer
Meeting the requirements of customers
Meeting the requirements of central bank
Acquiring the satisfaction of having cash
Expanding the banking business
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Question # 14
The person who opens a bank account is called:
Choose an answer
Owner of bank
Customer of bank
Employee of bank
None of them
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Question # 15
The main objectives of foreign exchange control are.
Choose an answer
Stablilize exchange rate
Increase Govt.Revenue
Protect domestic industires
All of these
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Question # 16
After 31st Decemebr 1965 Pakistan use
Choose an answer
Min. Reserve system
Fixed Fiduciary system
Proportional Reserve
None of these
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