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Online Tests
Principles of Banking Icom Part 2 English Medium Online Test MCQs With Answers
Question # 1
Can open new branch without the consent of Centrla Branch.
Choose an answer
Scheduled Bank
State Bank of Pakistan
Non -Scheduled Bank
Bank of England
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Question # 2
If drawing of a cheque signs o its back for transferring the rights to another person is called
Choose an answer
Material change
Endorsement
Crossing
Acceptance
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Question # 3
Transfer of money from one palce to another place with the help of post office.
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Cheque
Draft
Money order
None of these
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Question # 4
Negoitable credit instruemnts includes
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Bank darft
Postal order
I.O.U
Money order
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Question # 5
Under fixed fiduciary system, if notes are issued in excess of fiduciary limit then how much value of precious metal or foreign exchange is kept as reserve for over issue
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5%
10%
30%
100%
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Question # 6
Dr. Shamshad Akhter is the Governor of State Bank of Pakistan.
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12th
13th
14th
15th
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Question # 7
A Modarba may by for
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Specific or multi purpose
Perpetual
Specific period
All the above
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Question # 8
How many merits of scheduled bank
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12
13
14
15
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Question # 9
A contractual relationship between bank and its customers.
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Debtor
Principal
Bailor
All of these
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Question # 10
If the quatity of money in circulation increases then this situation is called:
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Inflation
Deflation
Money market
All of the above
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Question # 11
How many merits of credit card
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7
8
9
10
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Question # 12
Commercial bank create money.
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Metallic
Credit
Paper
All these
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Question # 13
Which of the following is meant for presenting a summary and balance of accounts of bank customers
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Bank statement
Balance sheet
Pass book
Prospectus
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Question # 14
Which method of note issue is prevailing in Pakistan after 1965
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Min. Reserve System
Proportional system
Fixed Fiduciary system
None of the above
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Question # 15
What are the objectives of monetary policy
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Stability in price
Exchange stability
Stability in capital market
All of the above
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Question # 16
In Pakistan Islamic Banking system was introduced in .
Choose an answer
1974
1981
1984
None of these
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